Amazon may soon allow users to pay in cryptocurrencies like Bitcoin

]

Amazon

Bitcoin

Central Bank Digital Currencies

Cryptocurrency

Amazon Web Services

Fast Payments

Twitter

Elon Musk

may allow users to pay in cryptocurrencies likesoon as the e-commerce giant is hiring a digital currency and blockchain product lead for its payments team.According to a latest job listing, Amazon’s Payments Acceptance & Experience team is “seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap”.“You will leverage your domain expertise in Blockchain, Distributed Ledger,andto develop the case for the capabilities which should be developed, drive overall vision and product strategy, and gain leadership buy-in and investment for new capabilities,” the company posted.The product lead will work closely with teams across Amazon, including AWS to develop the roadmap for the customer experience, technical strategy and capabilities as well as the launch strategy.Amazon doesn’t accept cryptocurrencies as payment yet.A company spokesperson told Insider that it was “inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon."(AWS), the Cloud arm of Amazon, currently offers a managed blockchain service.The new digital currency and blockchain product lead would “need to operate with a high level of autonomy and operate analytically, working backwards from data and customer insights to build new and innovative solutions to unsolved problems”, the company further said.Tech giant Apple posted a similar listing in May for a business development manager “working in or with alternative payment providers, such as digital wallets, BNPL,, cryptocurrency, and etc.“Tesla andare bullish on Bitcoin as the next payment mode.The online world needs a global currency, and our focus is on Bitcoin because with this cryptocurrency, we can reach every single person on the planet, Twitter CEO Jack Dorsey has stressed.Meanwhile, Tesla CEOhas confirmed that the company is “most likely” going to resume taking Bitcoin payments after some due diligence on the improvements in the energy mix used to mine the cryptocurrency. For a more in-depth discussion, come on over to Business Insider Cryptosphere — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve.

Amazon ‘definitely’ lining up Bitcoin payments and token, confirms insider - CityAM

]

Amazon is looking to accept Bitcoin payments ‘by the end of the year’, and is investigating its own token for 2022, says an insider.

The internet behemoth set tongues wagging over the weekend after publishing a job advertisement for a cryptocurrency and blockchain lead.

The vacancy, clearly a signal the company is laying down a pathway towards cryptocurrency transactions, calls for someone who can “leverage domain expertise in blockchain, distributed ledger, central bank digital currencies and cryptocurrency”.

It adds that it wants to “develop the case for the capabilities which should be developed, drive overall vision and product strategy, and gain leadership buy-in and investment for new capabilities.”

It doesn’t take a genius on the outside to deduce where Amazon might be going with recruitment but, according to an insider, the plans run much deeper than simply bringing someone on board to examine possibilities.

“This isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future – this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work,” she told City AM.

“It begins with Bitcoin – this is the key first stage of this crypto project, and the directive is coming from the very top… Jeff Bezos himself.”

The insider also explained that directors of the world’s fourth largest company were keen to move towards ticking off other big cryptocurrencies once it had established a fast and secure method of Bitcoin payment.

“Ethereum, Cardano and Bitcoin Cash will be next in line before they bring about eight of the most popular cryptocurrencies online,” she added.

“It won’t take long because the plans are already there, and they have been working on them since 2019.

Ready to roll

“This entire project is pretty much ready to roll.”

It is likely that the involvement of a massive player on the scale of Amazon in the cryptocurrency space would advance adoption and price of Bitcoin and the larger alt coins, but it is Bezos’ next plan which could cause even greater intrigue.

“When all these crypto ducks are lined up, there’s another twist to push things even further into Amazon’s favour – a native token,” the insider explained.

“After a year of experiencing cryptocurrency as a way of making payments for goods, it is looking increasingly possible that we’re heading towards tokenisation.

“This then becomes a multi-level infrastructure where you can pay for goods and services or earn tokens in a loyalty scheme.

“There’s little more to it, for now, but you can guarantee the Bitcoin plan will be monitored closely as opportunities with Amazon’s own version of a crypto will be explored.”

Amazon hints once more at growing interest in cryptocurrency with new job posting

]

This skin care brand wants to get more men to use sunscreen daily

follow us