Amazon Bitcoin Payments Will Be Available Soon; Are Crypto Payments The Future?
Cryptocurrency payments are one of the most discussed and debated topics. Amazon appears to be getting ready to jump on the bandwagon. According to recent reports, Amazon may allow users to pay with cryptocurrency such as Bitcoin. Furthermore, Amazon is looking for a candidate with prior experience with such payments.
Amazon Bitcoin Payments Have Been Tipped
A recent job posting revealed Amazon’s tentative plans to accept Bitcoin as payment. According to the job posting, Amazon’s Payments Acceptance & Experience team is looking for a “seasoned product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap.”
The ideal candidate will have knowledge of Blockchain, Distributed Ledger, Central Bank Digital Currencies, and Cryptocurrency. “develop the case for the capabilities that should be developed, drive the overall vision and product strategy, and gain leadership buy-in and investment for new capabilities,” the recruit will need to do. According to the Amazon job listing, the new leadership will collaborate closely with multiple teams across Amazon, including AWS.
Is Bitcoin Payments the Future?
Accepting cryptocurrency payments, such as Bitcoin, has advantages and disadvantages. Twitter and Tesla are currently discussing the inclusion of Bitcoin as a form of payment. However, Elon Musk, CEO of Tesla, has decided not to accept Bitcoin or any other cryptocurrency as payment due to environmental concerns.
Amazon, on the other hand, still does not accept cryptocurrency as payment. However, Amazon may be the ideal platform for accepting cryptocurrency because AWS, Amazon’s cloud division, offers a managed blockchain service. It’s clear that Amazon is looking to expand its payments department, and bringing in crypto will help it stay ahead of the competition.
More businesses are considering accepting cryptocurrencies as payment for their goods and services. Among them is Apple, which has also posted a job listing for a business development manager with experience in ‘alternative payments.’ This includes digital wallets, BNPL, Fast Payments, cryptocurrency, and other similar services. At this rate, Bitcoin and other cryptocurrencies will soon be accepted as a form of payment at major e-commerce sites.
