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 big is getting ready to discover the crypto enterprise, as a latest job itemizing suggests. Amazon is seeking to launch a pilot venture in Mexico that seeks to construct a workforce that develops new options based mostly on “digital currencies.”

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

According to a job posting, Jeff Bezos’ multinational agency was on the hunt this week for a Software Development Manager for the division of “Digital and Emerging Payments.” The job position has been reportedly stuffed because the provide is now not out there as of press time.

Amazon acknowledged within the job advert that the brand new fee product shall be deployed on an preliminary stage in Mexico. One a part of the outline reads as observe:

This product will allow clients to transform their money in to digital foreign money utilizing which clients can take pleasure in on-line companies together with purchasing for items and/or companies like Prime Video.

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The position requires an knowledgeable in pc science or engineering, with expertise managing the supply of distributed software program methods. Moreover, Amazon clarifies that it expects to construct a tech workforce to construct funds options that concentrate on “rising markets.”

The chosen individual should be based mostly in Seattle, Washington. Also, it’s not necessary to have any particular blockchain or crypto-related background.

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Amazon New CEO’s Relationship With the Blockchain Technology

Amazon simply appointed Andy Jassy as the brand new CEO, after Jeff Bezos stepped down from the position. In truth, since a while in the past, Jassy had been exhibiting an curiosity in blockchain expertise and exploring it to undertake options for brand new fee choices. Jassy was the CEO of Amazon Web Services on the time.

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So far, the e-commerce big has not publicly addressed its plans on deploying this upcoming digital foreign money resolution in Mexico. However, the transfer comes within the wake of mainstream corporations’ bulletins associated to bitcoin (BTC) investments or crypto adoption basically.

Recently, Elon Musk’s firm Tesla introduced in a U.S. Securities and Exchange Commission (SEC) Form 10-k submitting that the agency had bought $1.5 billion value of bitcoin.

On February 11, as reported, funds big Mastercard revealed that it’s getting ready to permit various cryptocurrencies to maneuver via its community immediately.

What do you concentrate on Amazon’s plans on probably implementing digital currencies into the platform? Let us know within the feedback part under.


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