Amazon seeks new exec to oversee digital currency strategy

Tech big Amazon is trying to dive into digital forex and blockchain growth with a brand new main rent inside its payments-focused group.

Amazon’s funds acceptance and expertise group is in search of a digital forex and blockchain product result in develop the corporate’s technique of digital forex and blockchain in addition to a product roadmap. The group is accountable for Amazon’s clients’ funds on Amazon’s websites and thru its world companies.

Posted on Thursday, the brand new function seeks an skilled product chief with experience in blockchain, central financial institution digital currencies and cryptocurrencies to “develop the case for the capabilities which ought to be developed” and drive total product imaginative and prescient.

The brand new Amazon digital forex lead will work intently with groups throughout Amazon to design the roadmap, together with the client expertise, technical technique and capabilities, the posting notes.

The applying requires a set of industry-related {qualifications}, together with a “deep understanding” of the digital forex and cryptocurrency ecosystems and associated applied sciences.

Associated: Amazon ‘must’ create its personal crypto in future, Binance CEO says

It seems unclear whether or not Amazon is contemplating launching its personal digital forex as a part of its fee acceptance course of with the brand new place. The agency didn’t instantly reply to Cointelegraph’s request for remark.

The newest job posting reaffirms Amazon’s rising consideration to digital forex, as the corporate has been apparently creating a brand new service to permit its clients to buy utilizing digital forex. Earlier this 12 months, Amazon posted a job software to launch a brand new digital fee product generally known as “Digital and Rising Funds,” initially planning to roll out the initiative in Mexico.