Updated 26 Jul, 2021

Amazon Looking for Crypto Expert, Signaling Interest in Bitcoin


Key Takeaways:

  • Amazon advertising for blockchain-related position suggests growing interest in bitcoin
  • The job posting says Amazon is seeking a “Digital Currency and Blockchain Product” expert

Amazon Looking to Hire a Crypto Expert

Amazon is hiring a digital currency and blockchain expert. The expert would be responsible for managing cryptos in the company’s payments system. The move, announced via a new job posting from last week, suggests the company could be ready to open up to cryptocurrencies such as bitcoin.

The job posting describes Amazon’s payments acceptance and experience team is on the lookout to hire an “experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap.”

“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 job posting explains.

Andy Jassy Expected to Focus on the Looming Crypto Industry

The recently appointed CEO, Andy Jassy, took the role from founder Jeff Bezos. Andy had said in 2017 that Bitcoin and digital assets weren’t of particular interest for the ecommerce and cloud-computing giant. As times have changed, however, and the crypto market is sweeping across mainstream companies and institutional investors, Mr. Jassy could have shifted his perspective on the topic.

“We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon,” a spokesperson for company said in a statement. “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.”

The new CEO, who’s been in the company since its early steps, is gathering pace to take the firm further. In the meantime, analysts speculate cryptocurrencies like bitcoin would now be of interest.

With the growing institutional and corporate adoption, bitcoin’s popularity has grown significantly this year. From technology companies to fintech and payments companies, bitcoin is seen as a strong candidate for mainstream use on par with sovereign currencies.