Although some large companies do accept cryptocurrency as payment, Amazon is not one of them, perhaps because of its unpredictable volatility. However, the company is about to change its attitude towards cryptocurrency and even plans to develop a special cryptocurrency and blockchain strategy.
Business insider found it Amazon job listings Seek a leader who is responsible for formulating the retailer’s digital currency and blockchain strategy and product roadmap. Amazon’s future employees will become a member of the Amazon payment acceptance and experience team, responsible for “how Amazon’s customers pay on Amazon’s website and through Amazon’s global services”, which almost means that one of the world’s largest retailers will In the future, cryptocurrencies will sometimes be accepted as payment.
In fact, Amazon has confirmed to Business Insider that it will accept cryptocurrency, but did not disclose when it will happen.
“We are inspired by innovations in the cryptocurrency space and are exploring what this will look like on Amazon,” Amazon wrote in a statement. “We believe that the future will be built on new technologies that can realize modern, fast and cheap payments, and hope to bring the future to Amazon customers as soon as possible.”
Due to insufficient demand, Amazon used to be skeptical of cryptocurrencies in 2017, but as more and more people begin to use cryptocurrencies to keep savings or invest, it is clear that enough people feel comfortable using various digital currencies for payment. Interest and avoid converting it to real money.
What remains to be seen is how Amazon plans to reduce the volatility of cryptocurrencies such as Bitcoin, which may fluctuate sharply even within a week. Perhaps, the company will simply quickly convert Bitcoin to real money. Or, it may try to make additional profits by waiting for the price of the digital currency to rise.
But no matter how Amazon handles the cryptocurrency it obtains as a payment, the idea of such a large retailer accepting cryptocurrencies increases their value and makes some holders richer.