Is Amazon involved in the crypto pool?

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Cryptocurrency used to be a small corner of the market, reserved only for the brave, many people don’t know much about it. Now, cryptocurrencies have begun to penetrate many different corners of the world and soar in the market, although they still retain their well-known volatility. From big companies and billionaires such as Elon Musk and Tesla to payment platforms such as Visa and PayPal, cryptocurrencies are rapidly being accepted by mainstream culture. In fact, the impact of encryption on the world is so great that for countries like the United States that are considering the creation of a digital dollar, digital currency is a real consideration. It is not known how long the digital dollar will appear, but all signs point to the involvement of large technology companies, and there are rumors that Amazon is switching to cryptocurrency. Let’s take a look at why some people think Amazon may enter the crypto market.

Amazon’s possible crypto tango

Currently, Amazon does not accept cryptocurrency as a payment method, but Amazon Web Services (AWS) does provide blockchain technology infrastructure products. However, recently I found a job posting on the Internet, showing that Amazon is looking for a “digital currency and blockchain product leader.” The job posting stated that Amazon is looking for “experienced product leaders to develop Amazon’s digital currency and blockchain strategy and product roadmap.” Naturally, this has triggered a lot of speculation about Amazon’s future plans in the crypto field. Soon thereafter, Amazon’s stock price rose by 1%, and the price of Bitcoin soared to the $40,000 mark. Amazon explained: “We are inspired by innovations in the cryptocurrency field and are exploring what this will look like on Amazon. We believe that the future will be built on new technologies that support modern, fast and cheap payments, and hope to provide Amazon customers as soon as possible. Bring the future.”

In 2013, Amazon first showed its interest in digital currency when it launched Amazon Coins, a virtual currency that customers can use to purchase applications and games on Kindle. Amazon coins are worth about 1 cent each and are still in use today. Then in 2017, Amazon purchased three cryptocurrency URLs No further explanation.Unsurprisingly, speculation around Amazon’s next move in the crypto space is prevailing and City AM, British financial publication, Reported that Amazon is working to release its own cryptocurrency in 2022 and will accept Bitcoin payments by the end of 2021.However, Amazon denied this report, and a representative said: “Although we are interested in the field, the speculation surrounding our specific plans for cryptocurrency is incorrect.” The company insists that they are still in the exploratory stage. , And said “We are still focused on exploring what this will look like for customers shopping on Amazon.” Amazon is a large technology company Known for exploring many avenues, So even if the company has not yet accepted cryptocurrency, the future is still a question mark.

Encryption shift

Just like a company Tesla The gradual acceptance of cryptocurrencies in the near future clearly shows Big companies turn to cryptocurrencyWith the research of the digital dollar and the further development of the world, Amazon is unlikely to lag behind in the field of cryptocurrency and digital currency, especially considering that the company has ended 70 job vacancies for blockchain experts usable. However, will Amazon accept encrypted payments? Will they develop their own coins? No one can say with certainty yet, but job postings show clear signs of Amazon’s interest in cryptocurrencies, so it is worth keeping your eyes open because this may be a huge leap in the digital field.