Amazon may allow users to pay in cryptocurrencies like bitcoin soon as the e-commerce giant is pioneering a digital currency and blockchain product for its payments team.
Amazon’s move could revolutionize payment modes
E-commerce website Amazon will soon start accepting bitcoin or cryptocurrency as payment. Recently, the matter has been revealed through a job listing. Amazon is about to hire experts in cryptocurrencies and blockchain currencies to its product team. Blockchain based digital currency or cryptocurrency is considered to be a secure transaction of payment.
You will leverage your domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currency and Cryptocurrencies to build the case for the capabilities that should be developed, the company said in one of its posts. Drive the overall and product strategy, and acquire leadership buying and investment for new capabilities.
Product leadership will work closely with teams at Amazon, including AWS, to develop a roadmap for customer experience, technology strategy and capabilities as well as launch strategy. Amazon does not yet accept cryptocurrencies as a form of payment.
A spokesperson for the company told Insider that it is inspired by innovation happening in the cryptocurrency space and is exploring what it might look like on Amazon. Amazon Web Services, the cloud arm of Amazon, currently offers a managed blockchain service.
The company further said, new digital currency and blockchain product leads will need to operate with a high degree of autonomy and operate analytically, working backwards from data and customer insights to create new and innovative solutions to unsolved problems. can be done.
Tech giant Apple posted a similar listing in May for a Business Development Manager to work with alternative payment providers like Digital Wallet, BNPL, Fast Payments, Cryptocurrencies, and more. Tesla and Twitter are bullish on bitcoin as the next payment mode.
Twitter CEO Jack Dorsey said, “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.” Meanwhile, Tesla CEO Elon Musk has confirmed that the company is going to resume accepting bitcoin payments after some improvements on improving the energy mix used for cryptocurrency mining.
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