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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.

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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.

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NEOPAY Wants To Follow Merchants Across Channels And Borders

A controlling 65% stake in noon payments would give NEOPAY access to marketplace sellers, online merchants and the payment flows they generate.

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neopay wants to follow merchants across channels and borders

It’s been a long time since checkouts were single defined places. A merchant might take payments at a physical register, on its own website and through an online marketplace, sometimes in more than one country. NEOPAY wants to follow those transactions wherever they happen.

The UAE payments company has entered into an agreement to acquire a 65% controlling stake in noon payments. NEOPAY already runs the acquiring infrastructure that lets merchants accept card payments, along with omnichannel acceptance and a merchant services platform. This new deal would add noon payments’ embedded payments platform, e-commerce gateway and merchant network across the UAE, Saudi Arabia and Egypt. That would considerably expand both NEOPAY’s digital commerce capabilities and its regional reach.

For merchants, the attraction is a single provider for online and in-store payments, plus faster settlements, data and analytics, and value-added financial services.

“Payments should be simple, reliable, and built for the markets they serve,” said Faraz Khalid, CEO of noon. His counterpart at NEOPAY, Vibhor Mundhada, added: “We have built a strong payments business in the UAE, and our ambition is now to take that capability across the region”. The acquisition, Mundhada added, would “expand our footprint into Saudi Arabia and Egypt” while reinforcing NEOPAY’s position at home.

Also Read: In Kuwait, Your Surgeon Might Be Operating From Another Country

NEOPAY is also keen to point out potential payment volume increases. The company says noon payments’ integrations with marketplace sellers and online merchants create high transaction density in some of the region’s fastest-growing digital commerce segments. It also believes control of the business would give it access to those merchant relationships and payment flows, and speed up the rollout of alternative payment methods and installment options.

The combined roadmap targets faster merchant onboarding, better payment performance, tighter fraud controls and embedded financial services. The deal could also strengthen cross-border payments and settlement along key regional commerce corridors.

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