Job Posting Links Amazon to Crypto Once Again

Large tech companies have become some of the biggest adopters of cryptocurrencies and blockchain technology in recent times. These companies understand the value of both concepts, and they have been quick to offer rapid adoption as they hope to capitalize on the future.

Job Posting Links Amazon to Crypto Once Again

Being one of the largest tech companies in the world, Amazon has long been linked with cryptocurrency acceptance. This month, another link between the company and cryptocurrencies surfaced.

AWS is Cooking Something

A recent job posting from Amazon Web Services (AWS) shows that the division’s New York office is looking for a Financial Services Specialist with a specific understanding of the crypto and digital asset space. The company added that the ideal candidate should also be experienced in the inner workings of the blockchain and distributed ledger technology landscape, hinting that AWS might be looking to integrate crypto one way or another.

AWS is one of the most impressive aspects of Amazon. The division offers just about everything companies need to establish and maintain their presence online. AWS offers companies ' online needs from networking, email, storage, security mobile development, and much more.

While Amazon is known for its e-commerce business, many see AWS as the goose that truly lays the golden egg for the company. According to Amazon’s earnings report for the second quarter of the year, AWS contributes to a staggering 13% of the company’s entire revenue haul. Some of its biggest clients include Netflix, Samsung, General Electric, The Walt Disney Company, Comcast, and much more.

Thanks to AWS, Amazon now controls over half of the total cloud computing market - almost twice as much as its nearest competitor.

In its new job listing, AWS pointed out that the ideal candidate will be able to encourage senior officials at major financial institutions to change the way they transact using digital assets - such as private cryptocurrencies, central bank digital currencies (CBDCs), and stablecoins. The candidate will also be tasked with increasing the adoption of utility tokens, security tokens, and non-fungible tokens (NFTs).

The listing didn’t give any hint that Amazon or AWS will be looking to adopt cryptocurrencies. However, there is no denying the fact that the cloud computing division might have some plans involving the space.

What is Going On At Amazon?

This is definitely not the first time that Amazon will be linked with crypto adoption in 2021. In February, the company shared a job listing in which it was looking for professionals to join a team tasked with building a digital payments service for Mexico.

“We are looking for a leader to help us launch a new payment product starting with Mexico as our initial launch country. This product will enable customers to convert their cash into digital currency using which customers can enjoy online services including shopping for goods and/or services like Prime Video,” the listing pointed out.

Then in July, the company posted a job listing for a digital currency and blockchain product lead to build its digital currency strategy. As the job listing explained, the professional would be responsible for building Amazon’s digital currency strategy and roadmap, while also working closely with teams across Amazon to develop the ideal rollout strategy for a possible digital asset.

That particular job posting led to increased rumors that Amazon was planning to adopt cryptocurrencies as a payment method. Speaking with City A.M, a company insider claimed that the e-commerce behemoth is planning to start accepting Bitcoin payments towards the end of 2021.

“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,” the source said.

No Crypto Adoption Plans... Yet

That particular job posting led to increased rumors that Amazon was planning to adopt cryptocurrencies as a payment method. Speaking with City A.M, a company insider claimed that the e-commerce behemoth is planning to start accepting Bitcoin payments towards the end of 2021.

“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,” the source said.

But, the company has since denied rumors of any plans to accept crypto. A spokesperson told Reuters that while Amazon remains keenly interested in the digital asset space, they don’t have any plans for onboarding crypto payments just yet.

It is worth noting that the spokesperson didn’t deny Amazon’s continued research into cryptocurrencies and their possible potential. It is possible that with this new job listing, Amazon is now ready to roll out acceptance for cryptocurrencies on a broader scale.

Starting with AWS does seem to make sense for Amazon. The cloud computing division drives massive profits for Amazon, although it most likely doesn’t have the transaction volumes that the company’s e-commerce arm handles. So, by integrating crypto into AWS, Amazon can have experience with dealing with transaction inflows before rolling out the feature for its main e-commerce line.

Regardless of what happens, Amazon’s link with crypto continues to grow. It will be interesting to see where this journey leads.


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