Amazon is looking for a digital currency payment lead

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Amazon is looking for a digital currency payment lead

As businesses worldwide begin to accept bitcoins as a form of payment, it appears that e-commerce behemoth Amazon is exploring it as well. That is, according to a new job posting on the company’s official website. Amazon is looking for a competent individual to fill the Digital Currency and Blockchain Product Lead role, even though it currently does not accept bitcoin as a means of payment on its website. According to the listing, the candidate who cuts will play a key role in establishing Amazon’s Digital Currency and Blockchain strategy and product roadmap.

Candidates must have domain experience in Blockchain, Distributed Ledger, Central Bank Digital Currencies, and Cryptocurrency if they are to cut. According to the listing, the knowledge will create the case for the capabilities that should develop, drive the overarching vision and product strategy, and get leadership buy-in and investment for new stuff.

Payment for orders

According to Amazon Jobs, the Payments Acceptance & Experience team is part of Seattle, Washington. According to the job description, the job will entail creating a roadmap that covers “customer experience, technological strategy, and capabilities, as well as the launch plan.

The job posting strongly suggests that the organization is open to embracing cryptocurrency in the future. Amazon may start taking Bitcoin and other cryptocurrencies as payment for orders.

That has confirmed by a corporate spokeswoman, who told CoinDesk, they were fascinated by the creativity happening in the cryptocurrency industry. They believe that new technologies will enable modern, rapid, and low-cost payments in the future, and we intend to deliver that future to Amazon customers as soon as possible.

According to the job description, the candidate must have a strong awareness of the digital/ cryptocurrency ecosystem and related technologies.

Apple exhibited a similar interest in bitcoin when it advertised a job vacancy for a business development manager with experience in the cryptocurrency market in May of this year. According to the job description, the candidate would be in charge of the company’s alternative payment partnership program.

Bitcoin

Bitcoin climbed to near $40,000 on Monday. A rally some ascribed to traders abandoning bearish wagers and persistent speculation about Amazon.com Inc.’s possible involvement in the cryptocurrency sector. Other virtual currency, including second-placed Ether, surged as well.

Amazon posted a job opening for a digital currency product lead last week, sparking suspicion that it may accept digital coins for transactions. That follows supportive comments from Elon Musk and Cathie Wood of Ark Investment Management LLC and other recent support for Bitcoin. The coin’s price is above its 50-day moving average over the weekend, a development that some see as encouraging.

According to data from Bybt.com, more than $700 million in Bitcoin shorts liquidated on Monday, the biggest in at least three months.

Bitcoin futures activity soared Monday as prices rose sharply. In a 10-minute trading session, over 1,000 contracts changed hands. As a result, as of 9:20 a.m. in Hong Kong, volumes in the July front contract were roughly ten times the norm.
Earlier this year, specialist crypto media reported that Amazon had posted a job opening relating to digital currency buying. Bitcoin is still around $27,000 off its mid-April high of approximately $65,000. Criticism of the energy used by the computer servers that back it, a regulatory crackdown in China, and more official scrutiny in Europe and the United States have all affected it.

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