Amazon is Preparing to Accept Crypto Payments

Foremost tech company, Amazon, could be the next big American company to accept Bitcoin and other digital assets as a payment method for its products and services. The firm is looking to hire a Digital Currency and Blockchain Product Lead for its Payment Acceptance & Experience department. The department is responsible for all online payments made by customers through the website of the firm. 

The firm’s spokesperson was quoted to have said that “we believe the future will be built on new technologies that enable modern, fast, and inexpensive payments, and hope to bring that future to Amazon customers as soon as possible.” This is a far cry from the statement Amazon Pay’s Vice President Patrick Gauthier had made in 2017 about the digital asset industry. 

Then, he had said that the firm had no plans to accept Bitcoin or any other digital asset because the demand for them was not high enough. However, Bitcoin and other digital assets have since seen their value and demand rise exponentially.

As of press time, the market cap of the industry has surpassed $1 trillion and leading financial institutions and other industries have adopted crypto assets as a viable investment option and a payment method for their clients.

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