Amazon may soon accept Bitcoin, Ether, and other cryptocurrencies as payment methods. Find out more
According to market analysts, Amazon is looking at cryptocurrency payment possibilities on its site.
Amazon may soon accept Bitcoin and other cryptocurrencies as payment. According to Amazon’s newest job ads, the global e-commerce giant is searching for a digital currency and blockchain product lead for its payments team. In a job posting, Amazon wrote, “The Payments Acceptance & Experience team is seeking an experienced product leader to create Amazon’s Digital Currency and Blockchain strategy and product roadmap.”
“You will use your domain 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 investment for new capabilities,” according to the company. The product lead will collaborate closely with Amazon teams, particularly Amazon Web Services, to build a technological approach that will improve user experience.
According to market analysts, this is a strong indicator that Amazon is interested in exploring bitcoin payment alternatives on its site. “We’re excited by the creativity in the cryptocurrency area, and we’re looking into how this may play out on Amazon. We think that the future will be built on new technologies that enable contemporary, quick, and low-cost payments, and we aim to deliver that future to Amazon customers as soon as possible,” according to an Amazon media release.
At this time, the world’s largest online store does not accept bitcoin as a form of payment.
Elon Musk, Tesla’s CEO, said last week that the electric vehicle company will shortly begin taking Bitcoin payments. “I wanted to do a little more due diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend toward increasing that number, and if there is, Tesla would resume accepting applications,” he said “At the B-Word conference, Musk stated, “Bitcoin is the future.” “The most likely response is that Tesla will resume taking bitcoin,” says the source “Added he. The automaker stopped taking bitcoin for car purchases in May, citing the cryptocurrency’s environmental effect.
Apple was also seeking a business development manager in May, who would “work with or with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrencies, and others.”
According to Jack Dorsey, the internet need a global currency.
Meanwhile, Twitter’s CEO, Jack Dorsey, has stated that the internet world requires a global currency. “If the Internet had a native currency, a global currency, we would be able to move faster with products like Super Follows, e-commerce, subscriptions, and tip jars, and we would be able to reach every single person on the planet,” says the author “During a conference call with investors last week, Dorsey said. “There are three trends that are important to Twitter and our investors. AI, decentralization, and the Internet, as well as the ability to use Bitcoin as a worldwide native currency. All of them will assist us in doing our duties more effectively, and we want to lead the way in each of them “he stated emphatically.
“Most individuals use their phones to access the internet. Regardless of its flaws and drawbacks, each solution we develop must deliver an outstanding mobile experience. “An unwavering focus on mobile engagement is likely to involve the greatest number of users,” Dorsey, a long-time Bitcoin advocate, noted.