Wednesday, January 26, 2022

Amazon seeks new exec to oversee digital currency strategy

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Tech large Amazon is seeking to dive into digital forex and blockchain improvement with a brand new main rent inside its payments-focused workforce.

Amazon’s funds acceptance and expertise workforce is in search of a digital forex and blockchain product result in develop the corporate’s technique of digital forex and blockchain in addition to a product roadmap. The workforce is answerable for Amazon’s clients’ funds on Amazon’s websites and thru its world companies.

Posted on Thursday, the brand new function seeks an skilled product chief with experience in blockchain, central financial institution digital currencies and cryptocurrencies to “develop the case for the capabilities which needs to be developed” and drive general product imaginative and prescient.

The brand new Amazon digital forex lead will work carefully with groups throughout Amazon to design the roadmap, together with the client expertise, technical technique and capabilities, the posting notes.

The applying requires a set of industry-related {qualifications}, together with a “deep understanding” of the digital forex and cryptocurrency ecosystems and associated applied sciences.

Associated: Amazon ‘will have to’ create its own crypto in future, Binance CEO says

It seems unclear whether or not Amazon is contemplating launching its personal digital forex as a part of its cost acceptance course of with the brand new place. The agency didn’t instantly reply to Cointelegraph’s request for remark.

The newest job posting reaffirms Amazon’s rising consideration to digital forex, as the corporate has been apparently creating a brand new service to permit its clients to buy utilizing digital forex. Earlier this yr, Amazon posted a job utility to launch a new digital payment product often called “Digital and Rising Funds,” initially planning to roll out the initiative in Mexico.