Amazon Preparing to Launch a ‘Digital Currency’ Project in Mexico

sci tech nerds favicon

Written by SciTechNerds

February 10, 2021

Amazon Preparing to Launch a 'Digital Currency' Project in Mexico

Amazon’s grip on the web economic system seems to be coming for foreign money subsequent, with the e-commerce large getting ready to launch a “digital foreign money” challenge in Mexico.

The yet-to-be-announced challenge, which Amazon sketched out throughout a collection of current job posts, seems to be an effort to maintain profitable Prime prospects eternally plugged into Amazon’s platform.

“This product will allow prospects to transform their money in to digital foreign money utilizing which prospects can take pleasure in on-line providers together with looking for items and/or providers like Prime Video,” one job publish stated of Amazon’s “new cost product.”

Amazon’s Digital and Rising Funds (DEP) division intends to roll-out the product in Mexico first, the posting stated. A second job posting hints the product seems to be broadly geared toward rising markets. Amazon is hiring software program growth engineers “in any respect ranges” to employees up for launch.

The DEP group and Amazon didn’t reply to repeated requests for remark.

It isn’t clear how a lot Amazon’s deliberate foray into digital currencies has in frequent with “Amazon Cash.” That 8-year previous digital foreign money initiative permits house owners to transact in Amazon-issued money throughout internet video games.

Related Articles

What’s behind the rerating of Cosmos?
What’s behind the rerating of Cosmos?

ATOM, the native cryptocurrency of the Cosmos blockchain protocol, has rallied by over 100% in the past week. Analysts are attributing the rally of ATOM to 2 main elementary components. First, in recent weeks, layer one blockchain protocols, like Avalanche (AVAX) and...

More harm than good? Nigerian crypto users in disbelief over CBN ban
More harm than good? Nigerian crypto users in disbelief over CBN ban

The Central Bank of Nigeria has banned banks from servicing crypto exchanges within the nation in a move that echoes actions taken by its Indian counterpart back in 2018. Reactions to the news among the many political class have been divided amongst ethnic and...

5 Takeaways From Chia Network’s New White Paper
5 Takeaways From Chia Network’s New White Paper

It would take 21 years for the remainder of the world to mine as much of the Chia (XCH) cryptocurrency as the company behind it will have on the day its mainnet launches next month. “We believe that chia, a new digital currency built on our new blockchain with...

Stay Up to Date With The Latest News & Updates