New job postings published by e-commerce giant Amazon show that Amazon is preparing to launch a digital currency project in Mexico.
While Amazon has not yet announced the project, several job postings at the company point to a digital currency that could be launched in emerging economies.
According to the job posting in question, Amazon is currently looking for a software development manager to be tasked with digital and emerging payments. The tech giant said in its job posting that it has assembled a technology team to develop innovative payment products for customers in emerging markets. The technology team will consist of talented software development engineers (SDEs) and software development managers (SDMs).
The ideal candidate will help Amazon launch a new payment product. According to Amazon, the product will enable customers not only to convert cash into digital currency, but also to take advantage of online shopping opportunities for products or services such as Prime Video.
Amazon is a major name in e-commerce, logistics, streaming and cloud services, but it has no initiative in the digital currency world yet. Recent job postings show that Amazon is trying to change that by launching its digital currency project.
A second job posting indicates that Amazon will target emerging economies. It is seen in the announcement that the product will generally appeal to the market of developing countries and software development engineers of all levels are sought for this project. Staff will also offer an end-to-end payment experience for customers in emerging market countries and will launch payment products in these markets.
Amazon has yet to announce the launch of the project, and whether there is a link with Amazon Coin is still unclear. Amazon launched Amazon Coin in 2013 to allow Kindle and game users to pay for goods and services.
Giant companies have been entering the field of digital money in recent months. As the adoption of crypto continues to increase, they are starting to accept Bitcoin or other cryptocurrencies as a means of payment. Facebook has been struggling to launch the Libra (new name Diem) cryptocurrency for some time now and continues to face regulatory challenges.
Tesla became the last big name to enter the digital currency field after investing $ 1.5 billion in Bitcoin. As cryptocurrencies are slowly gaining mainstream acceptance, more companies may adopt similar methods in the coming months. Accordingly, it would not be surprising to create its own digital currency on Amazon.