Amazon set to launch its own digital currency

Job listings reveal Amazon is working in stealth on an own-brand digital currency.

Amazon is laying the groundwork for a new digital currency for use on its own platforms and marketplaces, new job listings suggests.

The e-commerce and cloud computing giant put out a call for talent to join its Digital and Emerging Payments (DEP) division, which is in the process of developing a system whereby customers in emerging markets can “convert their cash into digital currency”.

“[Using the currency], customers can enjoy online services including shopping for goods and/or services like Prime Video,” wrote the firm.

https://www.techradar.com/news/amazon-set-to-launch-its-own-bitcoin-rival

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