According to City AM, London’s business newspaper, Amazon is preparing to allow users to pay for products and services via Bitcoin and other cryptocurrencies.
An insider from Amazon revealed to the newspaper that the company is looking to accept cryptocurrencies as payments as well as considering offering its own virtual currency in 2022. The report might have contributed to the latest surge in Bitcoin prices reaching $39,000 after nearly 6 weeks.
Amazon also listed a job position, looking to hire a digital currency and blockchain product lead to “develop Amazon’s Digital Currency and Blockchain strategy and product roadmap”. The job listing detailed the role and responsibilities. It said:
“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.”
The insider revealed to the newspaper that the move isn’t just to improve the payment system, but is an integral part of future possibilities that might revolutionize the functioning of Amazon. She said:
“This isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future – this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work.”
Suggesting the possibility of adding more cryptocurrencies to the payment system, she added:
“It begins with Bitcoin – this is the key first stage of this crypto project, and the directive is coming from the very top… Jeff Bezos himself. Ethereum, Cardano and Bitcoin Cash will be next in line before they bring about eight of the most popular cryptocurrencies online.”
Cloud service provider of Amazon, Amazon Web services (AWS) currently provides a managed blockchain service.
The news from Amazon is the latest on bullish sentiments expressed by the tech leaders. Apple recently announced a similar job listing looking to hire a business development manager “working in or with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency, and etc.”
Twitter CEO Jack Dorsey also expressed his desire to integrate cryptocurrencies, especially into Twitter products and services such as the Twitter Tip Jar and Super Follows.