Amazon Lays Out Its Blockchain Strategy; Intends To Explore Crypto Payments


Amazon recently published a job posting looking for a blockchain and digital currency product lead that aims to spearhead the e-commerce giant’s blockchain and digital currency strategy and product framework, signaling its imminent foray into crypto payments.

A specific section of the said job posting particularly mentions that the candidate would be exposed to the crypto ecosystem while requiring them to have comprehensive experience on cryptos, distributed ledgers, central bank digital currencies (CBDCs), and blockchain.

This adds to the 70 other open job postings Amazon currently has that relays back to blockchain tech. That being said, most of the outstanding postings relate to developer services offered via the Amazon Web Services (AWS). It is worth mentioning that the company does not presently use cryptos for any financial transaction means.

A statement made by an Amazon spokesperson implies that the firm was inspired by the innovation revolving around the crypto space today and is curious what such may actually bring for them in the long run. The statement adds that Amazon believes that these new technologies are the foundation of the future. It aims to bring affordable, fast, and modernized payments for its esteemed customers.

As of press time, it is still unclear whether Amazon intends to develop its very own digital currency or perhaps integrate Bitcoin (BTC) much like other firms before it to then use for its seemingly upcoming crypto-based offerings.


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