Aug 27, 2021 12:24
It's hard to come to any other conclusion when reading this new job listing on Amazon's hiring site - they're about to begin accepting crypto! Well, we're 99% sure of it.
First - a quick thank you to Robert D from Washington state, a reader who spotted this and reached out (if you ever have a story idea or spot something interesting, @TheCryptoPress on Twitter or tips@globalcryptopress.com - we love hearing from you!).
The Job Listing Is Less Than 24 Hours Old...
While the date this was posted was not visible on the page itself, a look at the source code reveals 'date_posted July 22' so it didn't go unnoticed long.
Now That We Know the Basics, 'how' and 'when' - Let's Dive in to the Job Description...
While it's missing a straightforward sentence like 'soon we will roll out cryptocurrency payments for all users' it appears they used every keyword and key-phrase possible to imply it.
When reading the introduction below, look for the following: 'payment methods' and 'responsible for how Amazon’s customers pay on Amazon’s sites' and 'develop Amazon’s Digital Currency and Blockchain strategy and product roadmap' it even ends by saying this person will need to come up with 'the launch strategy'
Job Description:
"Do you want to innovate on behalf of customers within the payments and financial systems of one of the largest e-commerce companies in the world? As one of the largest e-commerce companies in the world, Amazon processes billions of secure on-line transactions via numerous payment methods and capabilities around the globe. The Amazon Payment Acceptance & Experience Team is responsible for how Amazon’s customers pay on Amazon’s sites and through Amazon’s services around the globe.
The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap. You will leverage your domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and Cryptocurrency to develop the case for the capabilities which should be developed, drive overall vision and product strategy, and gain leadership buy-in and investment for new capabilities. You will work closely with teams across Amazon including AWS to develop the roadmap including the customer experience, technical strategy and capabilities as well as the launch strategy."
Their End Goal Seems Clear - But We May be Biased...
The effect this could have on the cryptocurrency markets before any transaction takes place is gigantic. Having the world's largest retailer legitimize Bitcoin (and whatever else they choose to accept) by making it an official payment option would raise the value of coins people already own.
It's also probably realistic to expect thousands of smaller retailers to do it, because Amazon just did it.
That Is Why It's Still Important to Examine All Possibilities...
The mention of CBDC's or Central Bank Digital Currencies (basically government issued and controlled crypto) opens up the possibility that they are only preparing to accept these.
The United States, United Kingdom, Canada, Japan, Sweden, and Switzerland are all working together to launch theirs, mostly likely on networks built to communicate with each other.
That move may be to knock China down a peg - their digital currency is already complete, but it may be obsolete too. Built when there were no others to coordinate with, the 'digital yuan' may need some updates if they want it to work outside of China.
So - What Do YOU Think?
Is Amazon simply preparing to accept the 'digital dollar' and other government issued coins? Or will we soon see Bitcoin listed as an option next to Visa and Mastercard?
Tweet us @TheCryptoPress and share your thoughts!
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Author: Ross Davis
E-Mail: Ross@GlobalCryptoPress.com Twitter:@RossFM
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