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Amazon Plans to Implement Digital Currencies into its Platform
14 Feb, 2021 / 12:46 pm / Omnes Media

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The e-commerce giant is preparing to explore the crypto business, as a recent job listing suggests. Amazon is looking to launch a pilot project in Mexico that seeks to build a team that develops new solutions based on digital currencies  . Amazon is laying the groundwork for a new digital currency for use on its own platforms and marketplaces. The e-commerce and cloud computing giant put out a call for talent to join its Digital and Emerging Payments (DEP) division, which is in the process of developing a system whereby customers in emerging markets can “convert their cash into digital currency”.

According to a job posting, Jeff Bezos’ multinational firm was on the hunt this week for a Software Development Manager for the division of “Digital and Emerging Payments.” Amazon stated in the job ad that the new payment product will be deployed on an initial stage in Mexico.

“The  customers can enjoy online services including shopping for goods and/or services like Prime Video,” wrote the firm.

The move to launch an Amazon-exclusive digital currency comes as a number of high profile organizations and institutional investors begin to pay closer attention to the cryptocurrency ecosystem.

Electric car company Tesla, for example, recently announced it has invested $1.5 billion in Bitcoin, and payments giant Visa has unveiled a suite of APIs that effectively turns traditional banks into crypto exchanges.

So far, the e-commerce giant has not publicly addressed its plans on deploying this upcoming digital currency solution in Mexico. However, the move comes in the wake of mainstream companies’ announcements related to bitcoin   investments or crypto adoption in general. Payments giant Mastercard revealed that it is preparing to allow a number of cryptocurrencies to move through its network directly.