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Is Amazon About To Start Accepting Crypto?

Courtesy of ZeroHedge

For the first time ever, Amazon has shown itself to be interested in crypto with a new major hire within its payments-focused team.

Posted on Thursday, the new role seeks an experienced product leader with expertise in blockchain, central bank digital currencies and cryptocurrencies to “develop the case for the capabilities which should be developed” and drive overall product vision.

The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap

The Amazon Payment Acceptance & Experience Team is responsible for how Amazon’s customers pay on Amazon’s sites and through Amazon’s services around the globe.

In an email to Insider, an Amazon spokesperson confirmed the job posting and the company's ambition to eventually accept cryptocurrency from its customers.

"We're inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon," the spokesperson said.

"We believe the future will be built on new technologies that enable modern, fast, and inexpensive payments, and hope to bring that future to Amazon customers as soon as possible."

As CoinTelegraph reports, the latest job posting reaffirms Amazon’s growing attention to digital currency, as the company has been apparently developing a new service to allow its customers to shop using digital currency. Earlier this year, Amazon posted a job application to launch a new digital payment product known as “Digital and Emerging Payments,” initially planning to roll out the initiative in Mexico.

Bitcoin bounced modestly after tumbling earlier as the news broke…

It remains unclear whether Amazon is considering launching its own digital currency as part of its payment acceptance process with the new position, as well as (or instead of) existing cryuptocurrencies, but for now this is a major step towards a much more mainstream adoption.

 


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