Amazon is looking to accept Bitcoin payments ‘by the end of the year’, and is investigating its own token for 2022, says an insider. The internet

Amazon ‘definitely’ lining up Bitcoin payments and token, confirms insider

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2021-07-26 17:30:06

Amazon is looking to accept Bitcoin payments ‘by the end of the year’, and is investigating its own token for 2022, says an insider.

The internet behemoth set tongues wagging over the weekend after publishing a job advertisement for a cryptocurrency and blockchain lead.

The vacancy, clearly a signal the company is laying down a pathway towards cryptocurrency transactions, calls for someone who can “leverage domain expertise in blockchain, distributed ledger, central bank digital currencies and cryptocurrency”.

It adds that it wants to “develop the case for the capabilities which should be developed, drive overall vision and product strategy, and gain leadership buy-in and investment for new capabilities.”

It doesn’t take a genius on the outside to deduce where Amazon might be going with recruitment but, according to an insider, the plans run much deeper than simply bringing someone on board to examine possibilities.

“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,” she told City AM.