Amazon job posting hints at plan to accept cryptocurrency

Amazon.com Inc.’s payments team is exploring letting customers use cryptocurrencies to pay for their orders, a development that’s roiling digital currency markets.

An Amazon job posting published online last week seeks a “Digital Currency and Blockchain Product Lead.” After Insider reported the existence of the posting earlier.

“You will leverage your domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and Cryptocurrency to develop the case for the capabilities which should be developed,” the posting says. “You will work closely with teams across Amazon including AWS to develop the road map including the customer experience, technical strategy and capabilities as well as the launch strategy.”

(AWS, or Amazon Web Services, is the company’s cloud-computing group, which builds software and other technology products for other companies.)

Amazon is a sprawling company that backs a broad range of experiments, meaning initiatives cited in job postings don’t always become new products. But the company confirmed its interest in cryptocurrency.

“We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon. We believe the future will be built on new technologies that enable modern, fast and inexpensive payments, and hope to bring that future to Amazon customers as soon as possible,” the company said in a statement after reporters spotted the posting. Amazon doesn’t let customers pay with any cryptocurrencies. But AWS sells a blockchain technology infrastructure product. At an event a few years ago, Amazon Chief Executive Officer Andy Jassy said the company was closely watching blockchain developments but struck a skeptical tone about the technology.

“We don’t yet see a lot of practical use cases for blockchain that are much broader than using a distributed ledger,” Jassy, said at a news conference at a company event in 2017, when he led AWS.