Amazon users may soon make payment through digital mode
Market experts say Amazon may venture into cryptocurrency payments options on its platform.Author : A. Gayatri
Amazon users could in the coming times make payments in cryptocurrencies like Bitcoin. This comes as the e-commerce firm is appointing a digital currency and blockchain product lead for its payments team.
In a latest job hiring post by Amazon's Payments, Acceptance and 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 the overall vision and product strategy, and gain leadership buy-in and investment for new capabilities," a post by the company read.
The product lead will closely operate with the team across Amazon which will have AWS to create a blueprint for the customer experience. It will also include technical strategy and capabilities along with launch strategy.
The e-commerce giant presently doesn't accept cryptocurrencies as payment.
Speaking to the media a spokesperson from Amazon said that the firm was inspired by the exciting invention happening in the cryptocurrency field and want to explore how this works in Amazon.
Currently, Amazon Web Services (AWS), the Cloud arm of Amazon, offers a managed blockchain service.
The firm further added that the new digital currency and blockchain product lead will require 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."
Recently, Apple had issued a similar listing in May for hiring a business development manager saying "working in or with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency, and etc."
Tesla and Twitter have shown optimism on Bitcoin as the next payment mode.
Twitter CEO Jack Dorsey had asserted that the new online world needs a global currency. He further stated that with a focus on Bitcoin, they can reach every single person on this planet.
Meanwhile, Tesla CEO Elon Musk has said that his firm will resume taking payments in Bitcoin.
On Monday, the Bitcoin rate rose to $40,000 after speculations about Amazon will soon allow digital payment in Bitcoin.
Bitcoin witnessed a rise of 15 per cent to $39,681.
Other coins also increased, including second-ranked Ether.