Connect with us

News

Amazon Is Looking For A Digital Currency & Blockchain Expert

Amazon’s ideal candidate is someone who has at least 10 years of experience in product management and understands blockchain and related technologies.

Published

on

amazon is looking for a digital currency and blockchain expert

When the value of Bitcoin, and most other cryptocurrencies along with it, suddenly jumps up from just under $30,000 to nearly $40,000, you know that either Elon Musk has tweeted again or that some potentially groundbreaking cryptocurrency news is making the headlines. This time around, it’s the latter. Insider recently noticed that Amazon’s payments acceptance and experience team has posted a job listing for a Digital Currency and Blockchain Product Lead, and journalists and cryptocurrency advocates alike have immediately started speculating if Amazon is planning to start accepting cryptocurrency payments.

“The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap,” the job listing states. “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, drive the overall vision and product strategy, and gain leadership buy-in and investment for new capabilities.”

According to Amazon’s qualifications requirements, the ideal candidate is someone who has at least 10 years of experience in product or program management, product marketing, business development, or technology and understands blockchain and related technologies.

Since the job listing was first noticed, Amazon has officially confirmed its validity. In May, a similar job listing was published by Apple.

Also Read: Instagram Fights Cybercrime With New Security Checkup Feature

Currently, Amazon doesn’t accept cryptocurrency payments, but the company’s Amazon Web Services (AWS) division does offer a managed blockchain service, allowing anyone to easily create and manage scalable blockchain networks.

Microsoft is the biggest competitor that already accepts cryptocurrency payments that Amazon currently has, and there are many other large companies across a variety of different industries doing the same. If Amazon decides to join their ranks, it would be the black swan event so many people in the cryptocurrency industry are currently waiting for.

Advertisement

📢 Get Exclusive Monthly Articles, Updates & Tech Tips Right In Your Inbox!

JOIN 17K+ SUBSCRIBERS

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Binance Receives Virtual Assets License To Operate In Dubai

As its user base nears 200 million, CEO Richard Teng believes crypto adoption will soar over the next half of the decade.

Published

on

binance receives virtual assets license to operate in dubai

Global crypto exchange Binance has been granted a full operational license in Dubai, in a move that’s expected to accelerate digital asset adoption and strengthen the UAE’s regulatory landscape.

The virtual asset service provider license (VASP) was granted by the Dubai Virtual Assets Regulatory Authority (VARA) and will allow Binance to extend its current range of services to retail investors, the company announced yesterday.

The move by Dubai authorities will be critical to Binance’s strategy of growing its user base globally. The crypto exchange expects to pass the 200 million user mark “quite shortly”, according to Richard Teng, the company’s CEO.

Once that milestone is achieved, Binance will have around twice as many users as rival platform Coinbase. Meanwhile, Crypto.com, another popular exchange with 80 million users, received a Dubai VASP license last week.

“We’re seeing much greater institutional adoption and institutional money coming into this space [along with] much greater regulatory clarity and a lot more jurisdictions approving [digital asset] products that bring in new investor classes,” Binance’s Richard Tang explained, adding: “As of now, we stand at about 5% crypto adoption globally, but that will become much faster moving forward”.

Also Read: Microsoft Invests $1.5 Billion In Abu Dhabi AI Tech Firm G42

Dubai and the UAE are extremely supportive of technologies like digital assets, and have already launched initiatives to boost adoption. The UAE has ambitious plans to become a world leader in the crypto economy of the future, with Dubai in particular being noteworthy for passing a new law to regulate virtual assets to support investors and exchanges.

“Global crypto regulation is currently showing diverging signs. Some developed countries have long suffered from crypto-related frauds and illegal exchanges. On the other hand, emerging nations like the UAE and Singapore have enacted crypto laws at faced pace,” said Vijay Valecha, chief investment officer of Dubai-based Century Financial.

As the UAE gears up to become one of the fastest-growing crypto capitals worldwide, investors and talent are flocking to places like Dubai. During 2023, the Emirates as a whole realized $204 million in capital gains from cryptocurrency investments, according to blockchain data analysts Chainalysis.

Continue Reading

#Trending