Amazon could be working on the next Bitcoin — here’s how
Amazon could exist working on the next Bitcoin — hither'southward how
Forget Bitcoin. The side by side big digital currency vying for your attention could come from Amazon, at least going by a suite of new job listings.
Coindesk reported that Amazon is on the chase for talent to help launch a "digital currency" projection in United mexican states. Information technology would appear that the company could be working on a form of digital money to pay for its services, besides as products in its online shop. (Don't believe this scam that offering pre-sales of the Amazon money, though.)
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Two job postings were flagged, but appear to have now been removed. They discussed creating a form of digital currency under Amazon's Digital and Emerging Payment sectionalization in a project based in United mexican states.
"This product volition enable customers to convert their cash in to digital currency," Amazon's kickoff job posting reportedly said. "which customers can enjoy [using with] online services including shopping for goods and/or services like Prime Video."
For that we tin can posit that Amazon could be working on a digital currency that could be launched in Mexico, possibly using the country equally a testbed before rolling it out further. Amazon already has its "Amazon Coins" virtual currency, which allows people to use the digital money to pay for Amazon products or items in web games.
How a new Amazon-made digital currency will stand up apart from Amazon Coins is unclear. Nor can we tell if it will exist some form of blockchain-based cryptocurrency similar Bitcoin and Ethereum.
Information technology's trivially simple to buy products on Amazon, every bit well as sign up to the visitor'due south myriad of services. Then why Amazon would become to the endeavour to create its own digital currency is unclear.
Perhaps such money could exist used for people to buy products from abroad without worrying near exchanging currencies and forking out commission charges for such things. Or it could exist an easy fashion to send money abroad for others to then buy specific items from Amazon's online shop.
Amazon hasn't shed any lite on its digital currency efforts, only such task postings are indicative of the company working on something. However, some of these projects can wither on the vine; when you have every bit much money equally Amazon you can afford to accept such risks.
With Apple potentially getting into cars, Amazon exploring digital money, and Elon Musk'due south Starlink net up for pre-order, 2021 looks to be the year of big tech firms and luminaries dipping their toes in other industries.
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Source: https://www.tomsguide.com/news/amazon-could-be-working-on-the-next-bitcoin-heres-how
Posted by: carlislewithating.blogspot.com
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