The global cryptocurrency market cap went up by 8.50 percent over the last day as it hit a price of $1.52 trillion. The international cryptocurrency market cap went up by 8.50 percent over the previous day as it hit a worth of $1.52 trillion.
Amazon is looking to explore cryptocurrency payments options on its platform, according to market experts.
Amazon may soon enable users to spend in Bitcoin and other cryptocurrencies. So the global e-commerce giant is looking for a digital currency and blockchain product head for its payments team, Amazon’s latest job postings suggested. “The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap,” the e-commerce platform said in a hiring post.
The applicants will leverage their specialty expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and Cryptocurrency to evolve the case for the capabilities. It should be designed, drive the overall conception and product strategy, and gain leadership buy-in and financing for new stuff, the company, further appended. In addition, the product lead will work closely with teams across Amazon, including Amazon Web Services, to develop a technical strategy for a better customer experience.
It is a fair indication that Amazon is contemplating exploring cryptocurrency payments options on its platform, according to market experts. They are inspired by the innovation happening in the cryptocurrency space and explore what this could look like on Amazon. They 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 world’s largest online retailer does not accept cryptocurrency as payment yet.
As businesses worldwide cook up to the concept of receiving cryptocurrencies as a mode of payment, it appears as e-commerce giant Amazon could also be holding the option. At most trivial, that is what a new job posting on the company’s official site recommends. Amazon, which does not allow cryptocurrency as a form of payment on its site at the moment, is now on the scout for a suitable candidate to fill the post of Digital Currency and Blockchain Product Lead. According to the listing, the applicant who cuts will be performing a pivotal role in promoting “Amazon’s Digital Currency and Blockchain strategy and product roadmap.”
If a bidder has to cut, they will have to possess domain expertise in “Blockchain, Distributed Ledger, Central Bank Digital Currencies, and Cryptocurrency”. The acquaintance, the listing states, will be leveraged “to strengthen the case for the capabilities which should be revealed, drive the overall vision and product strategy, and gain leadership buy-in and investment for new capabilities.”
According to Amazon Jobs, the position is based in Seattle, Washington, and is a part of the Payments Acceptance & Experience team. The role will involve developing a roadmap that incorporates “customer experience, technical approach, and capabilities as well as the launch plan”, the listing said.
The job listing powerfully indicates that the company is willing to embrace cryptocurrency, albeit in the future. For example, it could tell Amazon is accepting Bitcoin or other cryptocurrencies as payment for orders… It was further affirmed that they are inspired by the innovation happening in the cryptocurrency space and explore what this could look like on Amazon. They believe the future will be built on new technologies that enable advanced, fast, and inexpensive returns and hope to bring that future to Amazon customers as soon as practicable.
The listing reiterates that the candidate would need to have a “deep understanding of the digital/ cryptocurrency ecosystem and related technologies.”
A similar interest in cryptocurrency was also expressed by Apple in May this year. It listed a job opening for a business development manager with experience in the cryptocurrency industry. The candidate would be expected to lead its alternative payments partnership program; the listing had stated that they are looking for a proven professional in global alternative and emerging payment solutions, indicating a potential move towards accepting cryptocurrency payments.