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Amazon surprised many when it published a listing for a cryptocurrency and blockchain lead on its job’s website. The role asks the candidate to own the vision and strategy for Amazon’s Digital Currency and Blockchain strategy and product roadmap. This role indicates Amazon’s intent to start exploring payment opportunities using digital assets.
On Monday 26th of July, the Bitcoin price jumped more than 10%, and Amazon shares opened 16 points higher and closed the session up by 1.5%. The market seems to have confidence in the firm's move to adopt cryptocurrency payments.
An anonymous insider at Amazon told London’s most-read financial and business newspaper, City A.M., that “It begins with Bitcoin – this is the key first stage of this crypto project, and the directive is coming from the very top… Jeff Bezos himself.”
The last time the cryptocurrency market experienced bullish momentum, was when Tesla CEO Elon Musk announced the electric vehicle manufacturer would accept Bitcoin as payment for cars.
Unlike Musk, who became somewhat of a digital currency expert and was vocal about his opinions on social media, Bezos has not gone on the record about Amazon’s future concerning cryptocurrencies. Perhaps Bezos has been far too preoccupied with stepping down as Amazon CEO and his recent mission to space on the New Sheppard.
The Amazon insider went as far as to reveal the company’s plans to build a native token, stating that “after a year of experiencing cryptocurrency as a way of making payments for goods, it is looking increasingly possible that we’re heading towards tokenisation.
Amazon surprised many when it published a listing for a cryptocurrency and blockchain lead on its job’s website. The role asks the candidate to own the vision and strategy for Amazon’s Digital Currency and Blockchain strategy and product roadmap. This role indicates Amazon’s intent to start exploring payment opportunities using digital assets.
On Monday 26th of July, the Bitcoin price jumped more than 10%, and Amazon shares opened 16 points higher and closed the session up by 1.5%. The market seems to have confidence in the firm's move to adopt cryptocurrency payments.
An anonymous insider at Amazon told London’s most-read financial and business newspaper, City A.M., that “It begins with Bitcoin – this is the key first stage of this crypto project, and the directive is coming from the very top… Jeff Bezos himself.”
The last time the cryptocurrency market experienced bullish momentum, was when Tesla CEO Elon Musk announced the electric vehicle manufacturer would accept Bitcoin as payment for cars.
Unlike Musk, who became somewhat of a digital currency expert and was vocal about his opinions on social media, Bezos has not gone on the record about Amazon’s future concerning cryptocurrencies. Perhaps Bezos has been far too preoccupied with stepping down as Amazon CEO and his recent mission to space on the New Sheppard.
The Amazon insider went as far as to reveal the company’s plans to build a native token, stating that “after a year of experiencing cryptocurrency as a way of making payments for goods, it is looking increasingly possible that we’re heading towards tokenisation.
“This then becomes a multi-level infrastructure where you can pay for goods and services or earn tokens in a loyalty scheme.
“There’s little more to it, for now, but you can guarantee the Bitcoin plan will be monitored closely as opportunities with Amazon’s own version of a crypto will be explored.”
This article was brought to you by AFXMarkets. Do you want to get more market analysis like this delivered right to your inbox? Don’t fall behind on your market updates, AFXMarkets will provide you the information you need to become a successful trader.
“This then becomes a multi-level infrastructure where you can pay for goods and services or earn tokens in a loyalty scheme.
“There’s little more to it, for now, but you can guarantee the Bitcoin plan will be monitored closely as opportunities with Amazon’s own version of a crypto will be explored.”
This article was brought to you by AFXMarkets. Do you want to get more market analysis like this delivered right to your inbox? Don’t fall behind on your market updates, AFXMarkets will provide you the information you need to become a successful trader.
