According to market experts, Amazon is looking at cryptocurrency payment possibilities on its platform.
Amazon may soon accept Bitcoin and other cryptocurrencies as payment. According to Amazon's recent job listings, the global e-commerce giant is looking for a digital currency and blockchain product head for its payments team. In a job posting, Amazon wrote, "The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon's Digital Currency and Blockchain strategy and product roadmap."
“You will use your domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies, and Cryptocurrency to develop the case for the capabilities that should be developed, drive overall vision and product strategy, and gain leadership buy-in and investment for new capabilities,” according to the company. The product lead will collaborate closely with Amazon teams, particularly Amazon Web Services, to design a technical approach that will improve user experience.
According to market experts, this is a strong indication that Amazon is interested in exploring bitcoin payment possibilities on its platform. “We're fascinated by the creativity in the cryptocurrency space, and we're looking into how this might play out on Amazon. "We think that the future will be built on new technologies that enable modern, rapid, and low-cost payments, and we hope to deliver that future to Amazon customers as soon as possible," Amazon said in a press release.
Elon Musk, Tesla's CEO, announced last week that the electric car company will shortly resume taking Bitcoin payments. “I wanted to do a little more due diligence to establish that the amount of renewable energy usage is most likely at or over 50%, and that there is a tendency toward increasing that figure, and if so, Tesla would resume taking bitcoin," Musk stated at the B Word conference. The automaker stopped taking bitcoin for car purchases in May, citing the cryptocurrency's environmental impact.
