Amazon job posting hints company’s Web Services are preparing to adopt crypto

Published at: Nov. 1, 2021

Major online retailer Amazon’s IT service management company may be considering driving adoption in the digital asset space among its customers.

According to an Oct. 30 job posting, Amazon Web Services’ New York office is hiring a Financial Services Specialist who “understands the overall cryptocurrency and digital asset ecosystem,” with experience in blockchain and distributed ledger technology. The company said the position would work with regulators, financial institutions, and capital market operators to explore how they might benefit from digital asset adoption.

The prospective employee would encourage those in senior positions at major global financial institutions to “transform the way they transact digital assets,” including cryptocurrencies, central bank digital currencies, stablecoins, security-backed tokens, asset-backed tokens, and nonfungible tokens. In addition, they must have at least seven years’ experience in financial services business development “with exposure to distributed ledger or blockchain technologies.”

Amazon has previously posted job opportunities requiring experience in the digital asset space. In February, the online retailer said it was seeking a software development manager in Mexico to help launch “a new payment product” aimed at allowing residents to buy cryptocurrencies with cash so they could spend digital currency while shopping on Amazon.

Related: LinkedIn reports crypto and blockchain job listings have surged 615% since August 2020

An Amazon spokesperson has denied the company would be supporting cryptocurrency payments including Bitcoin (BTC) on its platform in a July report. However, they said the retailer was “focused on exploring” the possibility of adopting digital assets.

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