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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.
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.
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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.
News
Lebanon Ministers Meet Visa Over National Digital Payment Platform
Finance and technology ministers say a comparative study and roadmap will follow before any decision on adopting a model.
Lebanon’s finance and technology ministers met representatives from Visa last week to discuss a proposed unified national digital payment platform for government services, according to a readout from the Ministry of Finance.
The meeting brought together Finance Minister Yassin Jaber, Minister of State for Technology and Artificial Intelligence Kamal Shehadeh, a Visa delegation, and experts from both ministries. Discussion focused on whether Lebanon could establish a single platform through which citizens and institutions would pay taxes, fees, fines and other official transactions electronically, using mobile phones and other digital channels.
The Visa delegation presented examples from countries that have adopted unified government payment platforms, including the United Arab Emirates, Singapore, Estonia and Jordan. According to the readout, the examples were presented as having increased collection rates and expanded financial inclusion.
Talks covered settlement mechanisms, direct transfer to the treasury account, financial reconciliation, risk management, cybersecurity, fees, and an operational model that would involve the private sector. The parties agreed to continue technical and institutional consultations, prepare a comparative study, and develop an implementation roadmap before any decision on adopting a model for Lebanon.
Jaber said the Ministry of Finance had already enabled citizens to pay using credit cards and e-wallets through transfer companies, but described the proposed platform as a further step. He framed the development of electronic payment and collection systems as a priority within the ministry’s modernization plan.
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Shehadeh outlined the citizen-facing concept as a single mobile application through which users could settle obligations to ministries, government institutions and other bodies.
“The idea, in short, is that any citizen downloads an application on their mobile phone, through which they can pay all service obligations for all ministries, government institutions, or those owned by the Lebanese state, and others as well, as the platform is not limited only to state institutions,” he said.
Shehadeh added that the platform would not displace banks and money transfer companies that currently provide collection services to the state, calling it complementary to their work.
