Amazon’s interest in crypto is growing
A recent job posting from Amazon seeking a digital currency and blockchain expert for its payments team means the company could move closer to allowing users to pay for their purchases with bitcoin and other cryptocurrencies.
Amazon’s job posting is looking for an “experienced product manager to develop Amazon’s digital currency and blockchain product strategy and roadmap.” The new hire will join Amazon’s Payments Acceptance and Experience team.
“You will leverage your expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and Cryptocurrency to develop the case for the capabilities that should be developed, drive the overall vision and product strategy, and gain leadership buy-in. and investing in new capabilities, ”according to the job posting. Amazon confirmed the job offer to CNBC.
How long it will take for Amazon to accept cryptocurrency as a form of payment at this point remains pure speculation, but the sooner the better. PYMNTS research reveals that two-thirds of users who held cryptocurrencies bought them to transact, and 53% bought them out of fear of running out (FOMO), up from 32% from previous levels.
When it comes to purchases, 93% of cryptocurrency users would consider using cryptocurrency in the future, and even 59% of those who have never held cryptocurrency are interested in doing so.
“We are inspired by the innovation that is happening in the cryptocurrency space and explore what that might look like on Amazon,” an Amazon spokesperson said in a statement related to the job posting. . “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.”
Amazon Web Services offers a service it calls managed blockchain, but the company does not yet accept crypto as a payment method.