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Amazon began its search to hire a Digital Currency and Blockchain Product Manager for its Payments Acceptance and Experience team, which is responsible for facilitating billions of customer payments online through the sites and services of one. of the world’s largest e-commerce companies.
Responding to the June 22 job posting, an Amazon spokesperson said, “We believe the future will be built on new technologies that enable modern, fast and inexpensive payments, and hope to bring this future to Amazon customers as soon as possible. ” It is not clear at this point whether Amazon’s implementation of Bitcoin payment solutions will involve the use of the Lightning Network, or how Amazon will integrate Bitcoin into its user experience.
This position marks a turning point for the global e-commerce giant, whose products and services are ubiquitous online. In November 2017, Amazon Pay Vice President Patrick Gauthier explained that the company did not intend to accept Bitcoin because there was not enough demand for it, and had not purchased as domains related to Bitcoin to protect its brand. At the peak of demand in 2017, Bitcoin reached a market cap of $ 336 billion. Four years and a halving cycle later, Bitcoin’s market cap has passed $ 1 trillion.
If Amazon starts making Bitcoin payments easier, it is sure to introduce millions of users to the enduring distributed ledger technology, dramatically accelerating adoption and moving us closer to a Bitcoin standard.
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