🎈 Up Big Today: Find today's biggest gainers with our free screenerTry Stock Screener

Will Amazon Allow Customers to Pay in Cryptocurrencies?

Published 26-07-2021, 08:30 am
© Reuters.
AAPL
-
AMZN
-
BTC/USD
-

By Aditya Raghunath

Investing.com -- A recent job listing by Amazon (NASDAQ:AMZN) had this requirement: The 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, Central Bank Digital Currencies and Cryptocurrency 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.

Market reports say that this is a clear indication that the world’s largest online retailer is looking to explore cryptocurrency payments on its platform.

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

The candidate is expected to “Own the vision and strategy for Amazon’s Digital Currency and Blockchain strategy and product roadmap.”

This is the second large mainstream tech company in 2021 that has looked to hire for a crypto position. In May this year, Apple (NASDAQ:AAPL) had also posted a job titled “Business Development Manager – Alternative Payments”.

Flagship cryptocurrency Bitcoin has bounced back strong last week and is now trading at $38,000 levels, up almost 27% since its low of $30,000 on July 20.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.