Amazon’s crypto ad sends Bitcoin pumping

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On Monday, the cryptocurrency market saw a marked boost after retail giant Amazon revealed it was hiring an expert in the field.

Amazon posted an ad on its website for a “digital currency and blockchain product manager.”

“The Payments Acceptance and Experience team is looking for an experienced Product Manager to develop Amazon’s digital currency and blockchain strategy and product roadmap. You will leverage your expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and Cryptocurrency to develop the case for capabilities that should be developed, drive the global vision and product strategy, and gain leadership buy-in and support. investment for new capabilities, ”says the job posting.

Bitcoin fell from $ 29,000 to around $ 40,000 per coin in reaction to the news, its strongest growth seen throughout the month, other coins such as Ethereum and Dogecoin also rose significantly.

Amazon’s announcement for a career opportunity in the cryptocurrency space has led to speculation about its payment plans, as the available position will be part of the team responsible for how customers at Amazon pay on its platforms.

Yahoo Finance UK reports that an Amazon spokesperson said it was exploring what the cryptocurrency market would look like on Amazon.

“We believe the future will be built on new technologies that enable modern, fast and inexpensive payments, and hope to bring that future to Amazon customers as soon as possible,” the report said.

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