E-Commerce giant Amazon will soon allow users to pay in cryptocurrencies like Bitcoin and other alt coins. A company insider has confirmed that Amazon is looking to launch Bitcoin and crypto payments by the end of the current year. In addition, Amazon could also launch its own token by 2022.
According to this insider source, Amazon will integrate Ethereum, Cardano and Bitcoin Cash and thereafter also bring eight of the most popular cryptocurrencies online. Amazon, which doesn't accept cryptocurrencies as payment yet, is working on crypto payment since 2019.
Launch of an Amazon native token is also in the pipeline. The company has been allegedly experimenting with cryptocurrencies to pay for goods for around a year and founds feasibly to head towards “tokenization”.
If this crypto plan materialize then Amazon users can pay for goods and services or earn tokens in a loyalty scheme
With involvement of a tech giant like Amazon in the cryptocurrency space would promote adoption and price of Bitcoin and the larger alt coins.
In addition to this, Amazon is also hiring a digital currency and blockchain product lead for its payments team. According to a latest job listing, Amazon's Payments Acceptance & Experience team is "seeking an experienced product leader to develop Amazon's Digital Currency and Blockchain strategy and product roadmap".
Notably, this is the second job post published by Amazon related to Bitcoin and cryptocurrencies in 2021. The job listing definitely sounds that Amazon is lookin to launch its own Digital Currency.
Amazon has not made any official statement on this supposedly crypto project however.
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