By
Chimamanda U. Martha
March 11th, 2024
As Andy Jassy will soon replace Bezos as a new Amazon CEO, it can be expected that he may explore crypto payments for the company.
American multinational technology company Amazon.com Inc (NASDAQ: AMZN) is hiring developers for a digital currency project to be launched in Mexico. Amazon announced that it is seeking software development managers (SDMs) and software development engineers (SDEs) in a series of posts published on the Amazon Jobs website.
According to the job post, Amazon is creating a tech team that would build innovative products for new customers in emerging markets. The job post stated:
“We are looking for a leader to help us launch a new payment product [starting] with Mexico as our initial launch country. This product will enable customers to convert their cash into digital currency using which customers can enjoy online services including shopping for goods and/or services like Prime Video.”
Amazon Digital Currency Project in Mexico
Additionally, Amazon highlighted more details on a software developer manager with its Digital and Emerging Payments (DEP) division. Amazon said an SDM would partake in designing appropriate solutions using scalable technologies available in the company. An SDM must also be skilled in exploring existing systems for reuse. The developer must lead the team in designing new systems leveraging scalable Native Amazon Web Services (AWS) technologies.
In a separate job post, Amazon further explained its DEP division. Noting that the product would initially launch in Mexico, the technology company said the DEP division intends to expand to other emerging markets. In the post, Amazon described DEP and added that the division manages four areas.
Amazon stock is currently trading at $3,297, showing a 032% gain over its previous close of $3,286.58. Apart from its recent decline of 1.33% in the last five days, Amazon has been surging all year. The company has grown 52.87% over the past year and has jumped by nearly 1% in its year-to-date record. MarketWatch data revealed that Amazon increased by 5.67% in three months. Also, AMZN further advanced by over 5% over the past month. According to data compiled by MarketWatch, the technology company boasts of a market capitalization of $1.66 trillion at press time.
Amazon Next CEO May Explore Crypto Payments
Recent reports revealed that Amazon founder Jeff Bezos is stepping down from his role as the company’s CEO. Bezos would be succeeded by Andy Jassy, who currently heads Amazon cloud computing subsidiary Amazon Web Services. As the head of Amazon Web Services, Jassy introduced Amazon Managed Blockchain for developers. The blockchain is available for developers seeking to “create and manage scalable private networks.” The developers use Hyperledger Fabric and Ethereum (Preview).
Tesla’s (NASDAQ: TSLA) $1.5 billion investment has stirred up reactions within the crypto community. There are ongoing speculations on which company would be the next to add BTC to its balance sheet.
As a tech expert, Jassy may explore crypto payments when he becomes Amazon’s CEO in Q3.