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Amazon Hinted to Used Digital Currency in Their Payment Gateways

Amazon, an e-commerce giant, started hiring people specialized in blockchain technology and cryptocurrency as per their new job listing on Amazon jobs. As per the job description, Amazon is searching for a product leader having a proven track record of creating a solid vision and roadmap related to digital currency and blockchain technology.

The cryptocurrency, which was once seen with skeptical eyes, has become popular in recent years. From the health sector to the e-commerce industry, most companies started accepting online payments in cryptocurrency. After getting inspired by blockchain technology that works behind cryptocurrency, Amazon also started exploring this domain.

Amazon ranks among the leaders in its domain and is known to adopt newer technologies. The team was exploring the benefits of blockchain technology till now. The listing of related jobs indicates that Amazon found blockchain more than a distributed ledger. Though it already had managed a blockchain cloud division called Amazon Web Services, but current listing showed that Amazon is trying to explore more of this technology.

Blockchain technology is an age-old advancement that gets popularised in recent years after the introduction of Bitcoins. Blockchain technology is digital, decentralized, and distributed technology that helps complete transactions without any need for centralized authority. It is one of the technologies that disrupt every sector and make the payment system efficient along with many other systems.

Every giant is currently planning or utilizing blockchain technology and digital currency in their system, from Microsoft to IBM. Similarly, Amazon is expected to create and launch their payment gateway soon to accept cryptocurrencies such as Bitcoin for their customers’ orders and other payment purposes.

According to the job posting, Amazon’s Payment Acceptance and Experience team is looking for employees for product lead specialized in Blockchain technology and digital currency. In the description, Amazon stated, “candidate will leverage his/her domain expertise in blockchain, distributed ledger, central bank digital currencies, and cryptocurrency to develop the case for the capabilities which should develop, drive the overall vision and product strategy, and gain leadership buy-in and investment for new capabilities.”

In a statement shared with media, Amazon stated, “ We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon. We 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.”

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