Most eCommerce giants are taking their time to adopt cryptocurrency as a new form of payment. Besides Newegg, it looks like most companies are still studying the best course of action, although it looks like Amazon may be ready to make the jump to accepting digital currency.
A new job listing, initially found by Insider, suggests Amazon is finally taking cryptocurrency seriously. Posted on June 22 of 2021, the listing describes the perfect match for this position as “an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap”. The selected individual will work on the “Payments Acceptance & Experience team”.
At the moment, Amazon doesn’t allow customers to pay for their orders using cryptocurrency. However, when an Amazon representative confirmed the job listing, they also confirmed that Amazon is looking to accept cryptocurrency as a payment method.
It’s unclear when Amazon will start accepting cryptocurrency as payment. Once that happens, expect to see other retailers and websites following the same path, which should also lead to a significant price bump in many cryptocurrencies, specifically those accepted as payment methods.
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KitGuru says: Amazon’s dimension in the web is too big to ignore, and if a company like this accepts cryptocurrency, it’s one more sign that cryptocurrency is here to stay. Would you pay for your Amazon orders using cryptocurrency?