Amazon May Soon Allow Users To Pay In Cryptocurrencies Like Bitcoin

5347
31 Jul 2021
5 min read

News Synopsis

The world’s most popular e-commerce platform ‘Amazon’ could soon start accepting cryptocurrencies, like Bitcoin or Dogecoin. The company is looking forward to hiring a digital currency and blockchain product lead. The company is already on set to develop Amazon’s digital currency, blockchain strategy, and product roadmap. This role is inspired by the innovation in the crypto space and understanding how it would work for Amazon. Many big companies such as Apple are also working on the development of alternative payment methods such as digital wallets, fast payments, cryptocurrencies, and BNPL. New digital currency and blockchain would need to operate with a high level of autonomy and operate analytically. The focus is to build new and innovative solutions to unsolved problems. The move would be more encouraged as Tesla CEO Elon Musk recently confirmed that the company is ‘most likely’ going to resume taking bitcoin payments. 

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