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Amazon Hiring Executive to Spearhead Cryptocurrency Strategy

Amazon has revealed a job itemizing for a “Digital Forex and Blockchain Product Lead,” at its Seattle workplaces. 

It seems that Amazon is trying to delve deeper into digital forex and blockchain know-how with a new job posting on its web site. The itemizing is for a Digital Forex and Blockchain Product Result in be part of its Seattle-based Funds Acceptance & Expertise staff. The staff is answerable for all buyer funds globally on Amazon websites.

The itemizing states that the staff is trying so as to add a product lead specializing to develop Amazon’s technique for digital forex and blockchain merchandise. The place requires that the product supervisor use their expertise in Blockchain, Distributed Ledger, Central Financial institution Digital Currencies (CBDC), and Cryptocurrency to create a product roadmap for the longer term. Circumstances have to be made for various digital currencies and whether or not they need to be adopted by Amazon.

The brand new lead may also drive the general imaginative and prescient of the product, shaping a whole lot of Amazon’s future within the digital asset world.

Amazon’s curiosity in cryptocurrency

Whereas Amazon hasn’t made many public steps in direction of adopting cryptocurrency utilization, this most up-to-date job posting suggests a attainable future the place shoppers can use digital currency to buy issues on Amazon. 

Amazon’s interest in cryptocurrency as a way of fee has shifted through the years. In 2017, Amazon Pay VP at the moment,  Andy Jassy, told CNBC that the corporate was not planning to just accept crypt as a result of there was no demand for them to take action. Now, in 2021, the demand has grown and Amazon seems to have modified its tune. 

It’s value noting that this new job itemizing is by far the one job pertaining to blockchain or cryptocurrency on Amazon’s web site. It’s simply that the opposite listings usually are not as senior stage because the product lead. In actual fact, there are dozens of blockchain-related listings on the Amazon job board in software program improvement, operations IT & assist engineering, and Gross sales promoting & account administration. 

In a press release to Enterprise Insider, a spokesperson for Amazon confirmed the job posting and added, “We’re impressed by the innovation occurring within the cryptocurrency house and are exploring what this might appear like on Amazon. We imagine the longer term will probably be constructed on new applied sciences that allow fashionable, quick, and cheap funds, and hope to deliver that future to Amazon clients as quickly as attainable.”


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