Amazon could launch a digital currency project in Mexico

Recent job posting shows Amazon could be preparing to launch a digital currency project in Mexico

Job postings indicate that eCommerce giant Amazon could be getting ready to launch a digital currency project in Mexico. While Amazon is yet to announce the project, several job postings in the company point towards a walled garden-type digital currency that could launch in emerging economies.

Amazon is currently looking for a software development manager that would be tasked with digital and emerging payments. In its job posting, the tech giant said it is bringing together a tech team to develop innovative payment products for customers in emerging markets. The tech team will be comprised of talented software development engineers (SDEs) and software development managers (SDMs).

The ideal candidate will help Amazon launch a new payment product. According to Amazon, the product would enable customers to convert their cash to the digital currency, which they can use to enjoy online services like shopping for goods and services.

Amazon is a major player in eCommerce, logistics, streaming and cloud services but does not have a stronghold in the digital currency world. The recent job postings show Amazon is looking to change that by launching its digital currency project.

A second job posting indicates Amazon would be targeting the emerging economies. The eCommerce giant is hiring staff on varying levels to manage payment experience for its digital businesses and lead payment for retail launches in such countries. The staff would also operate end-to-end payment experience for customers in emerging market countries and launch payment products in these markets.

Amazon is yet to announce the launch of the project, and it is still unclear if there is a connection with the Amazon Coin. Amazon launched the Amazon Coin in 2013 to allow Kindle and game users to pay for goods and services.

Giant corporations have been entering the digital currency space in recent months. They are starting to accept Bitcoin or other cryptocurrencies as a means of payment as the adoption of cryptos continues to rise. Facebook has been struggling to launch its Libra (now called Diem) cryptocurrency for a while now and continues to face regulatory challenges.

Tesla is the latest to enter the digital currency space after investing $1.5 billion in Bitcoin and allowing its customers to pay for goods and services using the cryptocurrency. More corporations could adopt similar methods over the coming months as cryptocurrencies slowly gain mainstream acceptance.

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