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Amazon is finally getting serious about crypto and hopes to bring it to customers ‘as soon as possible,’ as it looks to hire a new blockchain lead

amazon-is-finally-getting-serious-about-crypto-and-hopes-to-bring-it-to-customers-‘as-soon-as-possible,’-as-it-looks-to-hire-a-new-blockchain-lead
A bitcoin artwork by Stacey Coon, Anastasia Sultzer, and Nanu Berk at the Bitcoin 2021 convention.

Marco Bello/Getty Images

  • Amazon seeks leader for ‘Amazon’s Digital Currency and Blockchain strategy and product roadmap.’
  • The position is for the ‘Payments Acceptance & Experience team,’ according to a job post.
  • Amazon offers a blockchain service, but doesn’t yet accept cryptocurrency as a payment method.
  • See more stories on Insider’s business page.

Amazon is finally getting serious about crypto technologies, like bitcoin, a move that pushes the e-commerce giant into the burgeoning – yet wildly volatile – digital currency space.

The company is seeking a leader to “develop Amazon’s Digital Currency and Blockchain strategy and product roadmap,” according to a June 22 job listing. The position is part of the “Payments Acceptance & Experience team,” indicating Amazon’s plan to potentially accept digital currency as one of its payment methods.

“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 overall vision and product strategy, and gain leadership buy-in and investment for new capabilities,” the job post says.

In an email to Insider, Amazon’s spokesperson confirmed the job posting and the company’s ambition to eventually accept cryptocurrency from its customers.

“We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon,” the spokesperson said. “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.”

Amazon’s public interest in cryptocurrency as a payment method is a sharp turn from its position in 2017, when Amazon Pay VP Patrick Gauthier told CNBC the company had no plans to accept cryptocurrency because there wasn’t much demand. At the time, Amazon bought a few domain names related to cryptocurrency, in part to protect its brand, including, amazonethereum.com, amazoncryptocurrency.com, and amazoncryptocurrencies.com.

Amazon currently offers its own managed blockchain service through the Amazon Web Services cloud service. But the company doesn’t yet accept cryptocurrency as payments on its online shopping site.

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