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New job listing suggests Amazon could explore blockchain, cryptocurrency payments

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Jul 26, 2021, 12:00 am

New job listing suggests Amazon could explore blockchain, cryptocurrency payments

Amazon would not settle for cryptocurrency as a type of fee but. Nevertheless, its new job itemizing for a Digital Foreign money and Blockchain Product Lead confirms that the corporate is certainly exploring the likelihood.

The addition to Amazon’s fee group can be a step ahead for the e-commerce big. Amazon mentioned, “The long run shall be constructed on new applied sciences that allow fashionable, quick, and cheap funds.”

Amazon seeks somebody who will develop crypto, blockchain product roadmap

Amazon seeks someone who will develop crypto, blockchain product roadmap

First reported by Insider, Amazon confirmed that the job posted is real.

The job itemizing specifies that the corporate is seeking to rent “an skilled product chief to develop Amazon’s Digital Foreign money and Blockchain technique and product roadmap.”

It’s noteworthy that the corporate’s cloud division, Amazon Internet Providers (AWS), already runs an Ethereum-based blockchain service referred to as Amazon Managed Blockchain.

Itemizing marks turnaround for Amazon’s tackle blockchain, crypto

Listing marks turnaround for Amazon's take on blockchain, crypto
Amazon CEO Andy Jassy

Amazon’s job listing says candidates will leverage “area experience in Blockchain, Distributed Ledger, Central Financial institution Digital Currencies, and Cryptocurrency” to “drive total imaginative and prescient and product technique, and acquire management buy-in and funding for brand new capabilities.”

Clearly, loads has modified since Andy Jassy’s 2017 assertion as head of AWS that the corporate was “watching” the area however did not see “sensible use instances for blockchain.”

Impressed by the innovation in cryptocurrency area: Amazon

Inspired by the innovation in cryptocurrency space: Amazon

Echoing the itemizing’s constructive outlook, an Amazon spokesperson knowledgeable Insider, “We’re impressed by the innovation occurring within the cryptocurrency area and are exploring what this might appear like on Amazon.”

The spokesperson additionally mentioned that the corporate hopes to carry these futuristic applied sciences to Amazon clients as quickly as potential.

Amazon’s newfound curiosity in cryptocurrency could possibly be because of rising curiosity in institutional adoption.

Apple, Fb, Tesla have additionally proven curiosity in cryptocurrencies

Apple, Facebook, Tesla have also shown interest in cryptocurrencies

Not too long ago, Tesla introduced it will settle for Bitcoin as a mode of fee. Though the thought has now been deserted citing environmental concerns, the corporate is not alone. Fb has additionally backed a digital foreign money undertaking referred to as Diem.

In Could, Apple reportedly mentioned it was prepared to rent a lead negotiator to associate with “various fee” companions, and cryptocurrency was listed as an space of experience.




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