Are Amazon’s digital currency coming soon?


It seems that Amazon will also join the “crypto match” with its own digital currency. This should initially be available only in certain markets and only within the Amazon ecosystem. Amazon does not disclose specific plans, but it is known that it is already assembling a team that could develop a new currency.

Based on the newly published working position, Amazon is preparing the groundwork for the development of its own digital currency, which could be used on Amazon’s platforms. The technology and e-commerce giant has announced a new vacancy to be part of the “Digital and Emerging Payments” division. The division’s main task is to develop mechanisms by which consumers can convert money into digital currencies. “Consumers can use digital currency to use online services such as Prime Video and pay for products, “they wrote at Amazon.

As stated in the job descriptions, which are no longer published, the project would first come to life in Mexico, and then, if successful, it would be extended to other locations.

For now, it’s not entirely clear whether digital currency is evolving in any way related to existing Amazon Coins projects, allowing users to generate savings for purchases made through Kindle or Fire devices.

Amazon’s digital currency

Amazon’s shift toward its own digital currency came at a time when corporations and institutional investors are paying more and more attention to the cryptocurrency ecosystem. We have probably all noticed that Elon Musk or. his Tesla company recently invested 1.5 billion US dollars in Bitcoin, right?

Recall the middle of 2019, when Facebook announced the creation of the Diem Association (formerly the Libra Association), which is supposed to advocate a system in which any smartphone user can make “cross-border” payments and purchases, without special transaction costs.

Despite the fact that Amazon has not yet officially made a statement about the new project, the first signs suggest that the digital currency could be exclusively dedicated to the Amazon ecosystem, initially only for a certain part of the markets.



Source: Računalniške novice.com – Novice by www.racunalniske-novice.com.

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