Amazon to Launch Cryptocurrency Payments Product in Emerging Countries
Amazon laid out its vision for a new feature to convert cash into digital currency for online payments. The e-commerce giant has already begun assembling a team to lead the initiative in Mexico.
Amazon’s Kicks Off a Digital Payment Wing
Amazon is headhunting for the leader of its Digital and Emerging Payments (DEP) initiative in consumer payments.
The American multinational has listed job postings for a Senior Manager, and Software Development Engineers (SDE), and Managers (SDM) to drive the payment product.
In the job posting for SDE and SDM, Mexico is listed as their initial launch country.
For the Senior Manager post, Brazil, Singapore, Australia, and other “emerging countries” were listed as the starting point. The personnel will also work towards “co-branded credit cards” funded using digital currency.
It is unclear as to what form of digital currency Amazon will adopt. The project’s team would need to build a business product using “scalable Native AWS technologies.”
The fast-paced growth of blockchain and cryptocurrencies is making top multinationals prioritize digital payments. Just today, Mastercard announced support for crypto payments in 2021.
Disclosure: The author held Bitcoin at the time of press.
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