Amazon Is Working on Digital Currency Solutions— Pilot Project Set to Launch in Mexico

Amazon Is Working on Digital Currency Solutions— Pilot Project Set to Launch in Mexico

The e-commerce giant is preparing to explore the world of cryptocurrency, according to a recent job offer. Amazon is planning a pilot project in Mexico to establish a team that will develop new solutions based on “digital currency.”

E-commerce giant Amazon wants to target customers in “emerging markets.”

According to a job ad published this week, Jeff Bezos’ multinational was looking for a manager of software development for its Digital and New Payments division. The position has reportedly been filled since the offer went to press.

Amazon stated in a job posting that a new payment product will initially be deployed in Mexico. Part of the description reads as follows:

This product allows customers to convert their money into a digital currency that allows them to access online services, including the purchase of goods and/or services such as Prime Video.

The position requires an IT or engineering professional with experience managing the implementation of distributed software systems. In addition, Amazon says it plans to build a technical team to develop payment solutions targeting “emerging markets.”

The selected candidate must be a resident of Seattle, Washington. In addition, there is no need for a specific blocking sequence or cryptographic background.

New Amazon CEO works with store chain technology

Amazon has just appointed Andy Jassy as its new CEO following the departure of Jeff Bezos. In fact, Mr. Jassy has been interested in bulk payment chain technology for some time and has studied it to make decisions about new payment options. At the time, Jassy was the CEO of Amazon Web Services.

So far, the e-commerce giant has not publicly announced its intention to launch this next digital money solution in Mexico. However, this decision comes after major companies announced investments in Bitcoin (BTC) or the use of a monetary encryption solution in general.

Elon Musk Tesla recently announced in a Form 10-K filed with the U.S. Securities and Exchange Commission (SEC) that it has acquired $1.5 billion worth of Bitcoin.

On February 11, payment giant Mastercard reportedly announced that it was preparing to run some cryptocurrencies directly through its network.

What do you think about Amazon’s plans to possibly integrate digital currencies into its platform? Let us know in the comments section below.

Image credits: Shutterstock, Pixabay, Wiki Commons, Amazon logo,

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