Sunday, 24 October 2021 10:06 GMT

New job listing suggests Amazon could explore blockchain, cryptocurrency payments


(MENAFN- NewsBytes) Amazon's job listing says applicants will leverage "domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies, and Cryptocurrency" to "drive overall vision and product strategy, and gain leadership buy-in and investment for new capabilities." Clearly, a lot has changed since Andy Jassy's 2017 statement as head of AWS that the company was "watching" the space but didn't see "practical use cases for blockchain."

Growing interest Inspired by the innovation in cryptocurrency space: Amazon

Echoing the listing's positive outlook, an Amazon spokesperson informed Insider, "We're inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon." The spokesperson also said that the company hopes to bring these futuristic technologies to Amazon customers as soon as possible. Amazon's newfound interest in cryptocurrency could be due to growing interest in institutional adoption.

Industry trend Apple, Facebook, Tesla have also shown interest in cryptocurrencies

Recently, Tesla announced it would accept Bitcoin as a mode of payment. Although the idea has now been abandoned citing environmental concerns , the company isn't alone. Facebook has also backed a digital currency project called Diem. In May, Apple reportedly said it was willing to hire a lead negotiator to partner with "alternative payment" partners, and cryptocurrency was listed as an area of expertise.

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