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E-commerce online retailer Amazon working on crypto and digital services strategy roadmap

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Joyashree Dey Follow

INDIA

Nov, 11 2021

Nov, 11 2021

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Amazon.com's (AMZN) - Get Amazon.com, Inc. Report Amazon Web Services (AWS) unit is on the chase after an expert to encourage digital asset underwriting, exchange processing, and authority in the cloud – another sign the e-commerce king is pushing forward with offering more crypto and digital services for organizations.

As indicated by a Saturday job posting, AWS is hoping to enlist a 'Financial Services Specialist' to work with worldwide financial institutions and advance fintechs, and "...transform the way they transact digital assets (ex. cryptocurrencies, CBDCs [central bank digital currencies], stable coins, security-backed tokens, asset-backed tokens and NFTs [non-fungible tokens]) from price discovery to execution, settlement, and custody."

“Working hand in hand with our sales teams, solution architects, ISVs, and systems integrators you will help deliver the solutions that move customers towards end-to-end digital asset underwriting, transaction processing, and custody in the cloud,” the AWS job ad says.

Amazon has been discreetly working out a group of experts to expand its contributions in the digital money and blockchain space. The organization in July posted a situation for a digital money and blockchain item lead on its site, alluding to a potential crypto mix later on.

Both Amazon stock and bitcoin prices flooded in late July following reports that the online business monster would acknowledge bitcoin as a type of installment on its AWS stage before the current year's over, and additionally would create and dispatch its digital coin in 2022.

Other organizations including (IBM) - Get International Business Machines (IBM) Report likewise are hoping to fit their framework contributions to things like cryptocurrency transaction handling and custody.


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Joyashree Dey

CBW - External Analyst

INDIA

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