WWith the world seemingly ready to jump feet first into the world of cryptocurrencies, Amazon They are ready to get on the scene and launch their own crypto token in 2022.
The details at this juncture are still unclear, but it appears that Amazon they are setting up a blockchain in preparation to launch their own digital currency.
An article published by FinTech Magazine confirmed that the company has posted a job announcement for a new ‘Head of Digital Currency and Blockchain’.
What is Amazon looking for?
The job posting suggests that Amazon is looking for an ‘experienced product leader to develop Amazon’s digital currency and blockchain strategy and product roadmap ‘.
This move is believed to be a direct response to increased competition from other tech giants such as Meta / Facebook, who have recruited their own team of experts to create a blockchain concept.
Google has also recently partnered with Bakkt, paving the way for the acceptance of cryptocurrencies in its Google Pay app.
When will Amazon launch its crypto token?
2022 will be the year Amazon it launches its own cryptocurrency, but there have been no clear details on when exactly in the year it will be.
Customers are expected to be able to use the Amazon crypto token while shopping in the Amazon website, although it is unclear how long it will take to implement.
Amazon in fact, it has vetted such a project in the past, offering roles to blockchain experts in the past, although the projects were considerably more discreet than the one involving the Amazon crypto token at this time.
Amazon They are calling their blockchain ‘Amazon Managed Blockchain’ and are already providing a lot of information about the concept on their website.