Amazon In Search of Crypto Executives, Says It’s Inspired By the Innovation In this Industry

By Bhushan Akolkar
Published July 24, 2021 Updated July 24, 2021
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Amazon In Search of Crypto Executives, Says It’s Inspired By the Innovation In this Industry

By Bhushan Akolkar
Published July 24, 2021 Updated July 24, 2021

One of the world’s biggest tech and e-commerce conglomerates Amazon (NASDAQ: AMZN) is now looking to delve into the crypto space. In its recent job posting, Amazon is looking to hire a Product Lead executive for Digital Currency and Blockchain.

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The job role for this profile will be to “innovate on behalf of customers within the payments and financial system”. Besides, the hired person will be responsible to curate “Amazon’s Digital Currency and Blockchain strategy and product roadmap”. The job listing notes:

“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”.

Amazon is already working on developments taking place in the blockchain space. Its cloud computing business Amazon Web Services (AWS) has a dedicated service called “managed blockchain”.

Inspired by Innovation in Crypto

Amazon has yet to test waters with the developments in crypto. However, speaking to CNBC, an Amazon spokesperson said:

“We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon. We believe the future will be built on new technologies that enable modern, fast, and inexpensive payments, and hope to bring that future to Amazon customers as soon as possible.”

Global tech conglomerates delving into the digital currency world is not anymore surprising. Automobile giant Tesla already holds a huge quantity of Bitcoin on its balance sheet. Musk recently said that Tesla is re-considering the option to integrate Bitcoin payments at the B-word conference earlier this week.

On the other hand, tech giant Apple is also hiring business developers having experience with digital currencies. The growing demand for digital assets among retail and institutional players is forcing tech giants to work in this direction.

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Bhushan Akolkar
725 Articles
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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