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25-07-2021 | Business

Amazon may soon allow users to pay in cryptocurrencies like Bitcoin.

Amazon is hiring a digital currency and blockchain product lead for its payments team, meaning consumers may soon be able to pay in cryptocurrencies like Bitcoin.

Amazon's Payments Acceptance & Experience team is  "seeking for an experienced product leader to help them develop their Amazon's  digital currency and blockchain strategy and product roadmap," according to a recent job posting.

"You'll build the case for the capabilities that should be developed, drive overall vision and product strategy, and gain leadership buy-in and investment for new capabilities utilising your domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies, and Cryptocurrency," according to the company.

The product lead will collaborate closely with teams throughout Amazon, including AWS, to define the customer experience roadmap, technological strategy and capabilities, and launch plan.

Currently, Amazon does not accept cryptocurrency as a form of payment.

Insider was told by a company spokesperson that it was "We've been encouraged by the innovation in the cryptocurrency space and are exploring what this could look like on Amazon."

A managed blockchain solution is presently available from Amazon Web Services (AWS), the company's cloud division.

The new digital currency and blockchain product lead's responsibilities would include: "need to operate autonomously with a high level of autonomy and analytically, working backwards from data and customer insights to build new and innovative solutions to unresolved problems,"  the company further said.

Tech giant  Apple posted a similar job opening for a business development manager in May "working in or with alternative payment providers such as digital wallets, BNPL, Fast Payments, cryptocurrencies, and  etc."

Bitcoin is being hailed as the new payment mechanism by Tesla and Twitter.

A global currency is required in the online world and we're focusing on Bitcoin because it allows us to reach out to every single individual on the planet, according to Jack Dorsey, the CEO of Twitter.

Meanwhile, Elon Musk, the CEO of Tesla, has indicated that the company will "very likely" resume accepting Bitcoin payments after conducting due diligence on improvements to the energy mix used to mine the cryptocurrency.

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