Active Stocks
Thu Apr 18 2024 15:59:07
  1. Tata Steel share price
  2. 160.00 -0.03%
  1. Power Grid Corporation Of India share price
  2. 280.20 2.13%
  1. NTPC share price
  2. 351.40 -2.19%
  1. Infosys share price
  2. 1,420.55 0.41%
  1. Wipro share price
  2. 444.30 -0.96%
Business News/ Companies / News/  Amazon hiring digital currency and blockchain expert amid rising interest in crypto products
BackBack

Amazon hiring digital currency and blockchain expert amid rising interest in crypto products

Amazon's job posting on its website stated that the company is seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap

Amazon logo is seen on the door of an Amazon Books retail store in New York City, U.S. (REUTERS)Premium
Amazon logo is seen on the door of an Amazon Books retail store in New York City, U.S. (REUTERS)

Amazon last week advertised a job vacancy for a digital currency product lead, stirring speculation that it might accept digital coins for transactions. The e-commerce giant is looking for a 'Digital Currency and Blockchain Product Lead' with plans to bring its payments systems into the crypto age.

The position, based in Seattle, Washington state, will work within Amazon’s Payments Acceptance & Experience team. As per its job posting on the website, it is seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap.

The job details stated that the candidate will leverage 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.

The person 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. The candidate needs to have 10+ years of experience in product or program management, product marketing, business development or technology and a deep understanding of the digital / cryptocurrency ecosystem and related technologies, Amazon said.

Reports suggest that this may lead to Amazon allowing users to pay in cryptocurrencies like Bitcoin and other coins soon. Bitcoin prices surged on Monday towards $40,000 as the world's largest cryptocurrency rose as much as to $39,681. Other virtual coins also rallied, including second-ranked Ether, the coin linked to ethereum blockchain network.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 26 Jul 2021, 12:46 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App