HomeNewsGeneral NewsAmazon May Accept Payments In Bitcoin, Ether And Other Cryptocurrencies Soon.

Amazon May Accept Payments In Bitcoin, Ether And Other Cryptocurrencies Soon.

Soon Amazon may allow users to pay in Bitcoin and other cryptocurrencies. Amazon’s latest job postings suggested that it is looking for a digital currency and blockchain product head for its payments team. “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 leverage your domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and Cryptocurrency to develop the case for the capabilities which should be developed, drive overall vision and product strategy, and gain leadership buy-in and investment for new capabilities,” the e-commerce platform said in a hiring post.

The company further mentioned that the new digital currency and blockchain product lead would ‘need to operate with a high level of autonomy and operate analytically, working backwards from data and customer insights to build new and innovative solutions to unsolved problems.’ The job position is based in Seattle, Washington, and is a part of the Payments Acceptance & Experience team.

According to market experts this is a clear indication that Amazon is looking to explore cryptocurrency payments options on its platform.

“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,” said a media statement shared by Amazon.

Last week, Elon Musk, chief executive officer, Tesla said that the electric car maker will soon resume accepting payments in Bitcoin. “I wanted a little bit more due diligence to confirm that the percentage of renewable energy usage is most likely at or above 50%, and that there is a trend towards increasing that number, and if so Tesla would resume accepting bitcoin. Most likely the answer is that Tesla would resume accepting bitcoin,” Musk said at the B Word conference. In May, the car maker had stopped accepting bitcoin for car purchases, citing cryptocurrency’s impact on the environment.

Apple was also looking for a business development manager earlier in May who is working in or with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency, and etc.

Jack Dorsey, chief executive officer, Twitter said that the online world needs a global currency. “If the Internet has a native currency, a global currency, we are able to move faster with products such as Super Follows, e-commerce, Subscription, Tip Jar and we can reach every single person on the planet,” he mentioned. He emphasized that there are three trends relevant to Twitter and our shareholders. AI, decentralization and the Internet, finally having access to a global native currency in Bitcoin. All these will help us do our jobs better and we intend to lead the way in each. Most people access the internet on mobile. Any solution we build must provide an excellent experience when using mobile, despite its shortcomings and liabilities. An uncompromising focus on mobile interaction is likely to include the most people.


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