News & Events, Tech

It looks like Amazon is expanding into Cryptocurrency

It’s all about the blockchains.

words by: Sahar Khraibani
Sep 1, 2021

Not surprisingly, the price of Bitcoin increased when the world’s largest e-commerce company, Amazon, advertised a position for a cryptocurrency and blockchain head in the company. This signals that it is taking digital currency more seriously.


The price of Bitcoin is currently hanging around $47,000, having gained almost $10,000 since the beginning of August. Ethereum is up nearly $1,000 as well, hovering around $3,500 when it was at $2,500 only a month ago.


Amazon crypto job

According to the Amazon job description, “you will use your domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies, and Cryptocurrency to 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.”


Amazon accepting crypto soon?

News has circled around that Amazon is also interested in accepting cryptocurrency. The company said that they have been encouraged by the “creativity happening in the cryptocurrency area and are exploring what this may look like on Amazon.”


It’s no secret that the future of online businesses is digital currencies. Companies all around the world are embracing cryptocurrencies as a form of payment. Technology, social media and e-commerce companies are in the ideal position to take Bitcoin payments due to their large geographic footprints and well-established online payment infrastructure.



Facebook has also been supporting a digital currency project known as Diem, which was previously known as Libra. Venmo has also introduced crypto trading and learning on their platform. Apple, the world’s largest technology company, demonstrated interest in cryptocurrency by hiring a development manager to run its alternative payments partnership initiative a few months ago.


Learn More

You can learn more about the Amazon Digital Currency and Blockchain Product Lead position on their hiring website. Amazon Web Services has also launched Amazon Managed Blockchain which allows users to “join public networks or create and manage scalable private networks using the popular open-source frameworks Hyperledger Fabrice and Ethereum.”