Amazon Is Working on Digital Currency Solutions— Pilot Project Set to Launch in Mexico

Amazon Is Working on Digital Currency Solutions— Pilot Project Set to Launch in Mexico

The e-commerce giant is preparing to explore the crypto business, as a recent job listing suggests. Amazon is looking to launch a pilot project in Mexico that seeks to build a team that develops new solutions based on “digital currencies.”

E-Commerce Giant Amazon Seeks to Target Customers in ‘Emerging Markets’

According to a job posting, Jeff Bezos’ multinational firm was on the hunt this week for a Software Development Manager for the division of “Digital and Emerging Payments.” The job role has been reportedly filled as the offer is no longer available as of press time.

Amazon stated in the job ad that the new payment product will be deployed on an initial stage in Mexico. One part of the description reads as follow:

This product will enable customers to convert their cash in to digital currency using which customers can enjoy online services including shopping for goods and/or services like Prime Video.

The role requires an expert in computer science or engineering, with experience managing the delivery of distributed software systems. Moreover, Amazon clarifies that it expects to build a tech team to build payments solutions that target “emerging markets.”

The chosen person must be based in Seattle, Washington. Also, it’s not mandatory to have any specific blockchain or crypto-related background.

Amazon New CEO’s Relationship With the Blockchain Technology

Amazon just appointed Andy Jassy as the new CEO, after Jeff Bezos stepped down from the role. In fact, since some time ago, Jassy had been showing an interest in blockchain technology and exploring it to adopt solutions for new payment options. Jassy was the CEO of Amazon Web Services at the time.

So far, the e-commerce giant has not publicly addressed its plans on deploying this upcoming digital currency solution in Mexico. However, the move comes in the wake of mainstream companies’ announcements related to bitcoin (BTC) investments or crypto adoption in general.

Recently, Elon Musk’s company Tesla announced in a U.S. Securities and Exchange Commission (SEC) Form 10-k filing that the firm had purchased $1.5 billion worth of bitcoin.

On February 11, as reported, payments giant Mastercard revealed that it is preparing to allow a number of cryptocurrencies to move through its network directly.

What do you think about Amazon’s plans on possibly implementing digital currencies into the platform? Let us know in the comments section below.

Leave a Reply

Your email address will not be published. Required fields are marked *