Retail giant Amazon is reportedly preparing to launch a “digital currency” type project in Mexico, according to recent job postings.
In an effort to enter emerging markets, Amazon Inc. seems ready to implement a new payment system that includes “Digital and Emerging Payments (DEP)”.
The project has not yet been officially announced, but Amazon has hinted at it in a series of new job postings.
“We’re looking for a leader to help us launch a new payment product that states Mexico is our first launch country. This product will enable customers to convert their cash into digital currency, from which they can take advantage of online services, including shopping for products and / or services such as Prime Video. ”
Not using bitcoin
The type of digital asset is not specified, but it is unlikely that the retail giant will use any of the publicly available cryptos such as Bitcoin or Ethereum. He stated that applicants should be comfortable designing new systems with appropriate technology and native AWS technologies.
Amazon’s DEP division plans to launch the product in Mexico first, but a second job posting hinted that the product is mainly for emerging markets so more countries could follow.
According to CNBC, Amazon bought three crypto-related domains in 2017 – amazoncryptocurrency.com, amazonethereum.com and amazoncryptocurrencies.com. They also own amazonbitcoin.com. This immediately sparked conversation about the company’s potential interest in the field, but the move did not continue.