Amazon is studying crypto payments and working on a blockchain roadmap

Amazon is studying crypto payments and is hiring a digital foreign money and blockchain product for a new blockchain roadmap, as we will see in our newest blockchain information immediately.

Amazon beforehand marketed a place associated to blockchain, however now it is formally recruiting for management positions in digital foreign money and blockchain merchandise. Every now and then a job posting triggers a flurry of rumors within the crypto house whereas trade watchers wait to see a new consortium like Facebook or Apple and its willingness to roll out crypto payments. Now, nevertheless, Amazon is researching crypto payments and has even listed a job posting for a digital foreign money and blockchain product that goals to create a new imaginative and prescient and roadmap for startups.

An announcement made by an Amazon spokesman to the media fueled the flames by mentioning that the world’s largest on-line retailer is contemplating permitting payments in cryptocurrency:

“We are impressed by innovation within the crypto house and are exploring what this might appear like on Amazon. We consider that the long run is primarily based on new applied sciences that allow fashionable, quick and cheap payments and we hope to allow Amazon clients to make this future doable as quickly as doable. “

Exploring cryptocurrencies doesn’t make much sense as the company has almost unlimited resources and thousands of employees. According to the job posting, the product manager for digital currencies and blockchain will have expertise in cryptocurrencies, central bank digital currencies and distributed ledgers. The new hire is expected to generate more interest and investment in new skills so that they can adopt a new strategy that shows that the company is taking it seriously.

“We are impressed by the improvements within the crypto house and are investigating how this might have a look at Amazon.”

Amazon Web Services, a subsidiary of the cloud platform, is billed as Head of Product for its long-term Amazon-managed blockchain, which takes care of storage and hardware for developers who want to build on Hyperledger Fabric or Ethereum. The post outlined a preference for applicants with decentralized funding and suggested that AWS may be working on more options for protocols that use blockchain technology to provide financial products with no middlemen. The Amazon FinTech team is looking for a senior software engineer to work on financial accounting and reconciliation systems to ensure data transparency for transactional data.

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