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Amazon Says It’s ‘Exploring’ Cryptocurrency Payments – Decrypt

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In transient

  • Amazon is on the lookout for a technique and roadmap for blockchain-based mostly cost merchandise.
  • It’s marketed for blockchain-associated positions prior to now.

Every from time to time a job posting will kick off a flurry of rumors within the crypto area, as trade watchers need to know whether or not a brand new mega company similar to Apple or Facebook is ready to undertake cryptocurrency funds.

That occurred as we speak with Amazon, which lately listed a job posting for a Digital Currency and Blockchain Product Lead to create a imaginative and prescient and roadmap for brand new cost merchandise.

A subsequent assertion shared with Decrypt and different media retailers by an Amazon spokesperson fanned the flames by suggesting the world’s largest on-line retailer is actively contemplating enabling cryptocurrency funds.

“We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon,” the assertion reads. “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.”

“Exploring” can imply quite a lot of issues for an enormous firm with close to-limitless assets and hundreds of staff. In explicit, per the job posting, the Digital Currency and Blockchain Product Lead ought to have experience in cryptocurrencies, central financial institution digital currencies, and distributed ledgers. The new rent can be anticipated to “gain leadership buy-in and investment for new capabilities” and develop a “launch strategy.” All of which suggests the corporate is taking a severe have a look at what crypto can provide it.

“We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon.”

Amazon has made incremental steps into crypto prior to now.

Earlier this month, Amazon Web Services, the corporate’s cloud platform subsidiary, marketed for a Head of Product for its lengthy-operating Amazon Managed Blockchain, which takes care of the internet hosting and {hardware} for builders who need to construct in Hyperledger Fabric or Ethereum. Notably, the posting indicated a desire for candidates with decentralized finance (DeFi) expertise, suggesting AWS might be constructing new capabilities for protocols that leverage a blockchain to supply monetary merchandise with out intermediaries.

Amazon’s Advertising FinTech staff has additionally been on the lookout for a Senior Software Engineer as it really works on “financial ledger, billing and reconciliation systems to provide data transparency on transnational financial data.” Though the submit would not point out “blockchain”, the URL does.


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(This story has not been edited by CryptoNFT | Latest News Live and is revealed from a syndicated feed.)

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