Amazon plans to revise strategy for blockchain-based payment products

A vacancy on the Amazon Payment Acceptance & Customer team confirms Amazon’s plans to develop payments using cryptocurrencies.

Develop a strategy for the development of an ecosystem of digital currencies and related technologies
will be Amazon Payment Acceptance & Customer Experience is a key customer division of the company.

The new divisional head will be tasked with developing the company’s cryptocurrency and blockchain strategy, roadmap and “arguments to develop” for a new product that enables Amazon customers to shop using digital currency.

It is unclear whether Amazon will continue to develop its own digital currency, Diem, but Binance CEO Changpeng Zhao predicts that this process is inevitable for Amazon.

“Retail giant Amazon will have no choice but to use cryptocurrency payments. The question is not so much whether Amazon will issue its own coin, but when exactly. ”

An Amazon spokesman, commenting on the events taking place in the company, said:

“We are inspired by the innovations taking place in the cryptocurrency space and are exploring what it might look like on Amazon. We believe the future will be built on new technologies that enable modern, fast and low-cost payments, and we hope to bring that future to Amazon customers as soon as possible. ”

Earlier this year, Amazon announced the launch of a pilot project known as Digital and Emerging Payments, initially planning to roll out the initiative in Mexico.

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