Amazon Preparing to Launch a ‘Digital Currency’ Project in Mexico

The e-commerce giant is preparing to explore the crypto business, as a recent job listing suggests. Amazon is looking to launch a pilot project in Mexico that seeks to build a team that develops new solutions based on “digital currencies.” E-Commerce Giant Amazon Seeks to Target Customers in ‘Emerging Markets’ According to a job posting, Jeff Bezos’ multinational firm was on the hunt this week for a Software Development Manager for the division of “Digital and Emerging Payments.” The job role has been reportedly filled as the offer is no longer....

Amazon has been silently working on a new digital currency project in Mexico, according to the company’s job postings. American e-commerce giant Amazon is developing a new service that will allow its customers to shop using digital currency, according to the company’s job postings.According to an official job application on Amazon, the company is now building a tech team to enable a new digital currency service. Currently known as a “Digital and Emerging Payments,” or DEP, project, the service will initially roll out in Mexico, allowing local people to buy crypto with cash to spend digital....

Is it fair to say that Amazon and bitcoin have had a rocky relationship? While major selling-havens like Overstock.com have been quick to embrace the digital currency’s stamina, the same cannot be said about Amazon. Bitcoin payments have never been advocated or accepted through the online mega-platform, but it looks as though things are changing. Amazon has begun accepting bitcoins “indirectly.” No, customers cannot actually use bitcoin to pay for goods and services yet, but transferring bitcoin to USD is certainly accepted. Amazon Direct now allows consumers to transfer any dollar amount....

Some institutional players, online retailers, and media organizations have called for recruits with experience in crypto or blockchain. As crypto and blockchain firms grow and need to navigate regulatory and economic challenges for the industry, many have to hire outside to find the best workers. This year, major companies, financial institutions, and even government agencies announced they were searching for fresh blood to help them adapt to the ever-changing crypto space. In February, major online retailer Amazon posted it was seeking a software development manager in Mexico to help....

This is what Amazon Wallet looks like. Amazon isn't new to the digital payments industry. The online retailer launched Amazon Payments back in 2007, a service that directly competes with the likes of PayPal and Google Wallet. Then in December 2013, Amazon purchased GoPago, a mobile payments platform. Now, continuing the company's push into the digital payments sector, Amazon has launched Amazon Wallet. What Amazon Wallet Does, Or Rather, Doesn't Do. Amazon Wallet is...surprisingly basic. Designed for use at the point-of-sale, Amazon Wallet is essentially an Android app that stores gift....