Amazon Sets Bitcoin on Fire As the Shopping Giant Gets Serious about Bitcoin
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With the news of shopping giant Amazon showing interest in crypto, it sets Bitcoin on fire. Amazon on Friday posted an opening for the position of Digital Currency and Blockchain Product Lead.

From the posting, it appears Amazon’s Payments Acceptance & Experience team is trying to find “an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap.”

According to the post, the candidate will be expected to use their domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and Cryptocurrency to “develop the case for the capabilities which should be developed, drive the overall vision and product strategy, and gain leadership buy-in and investment for new capabilities.”

Amazon spokesperson told CNBC, “We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon. 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.”

According to an inside source of Amazon, the company is aiming to release its own token next year.

According to Russian crypto analyst Lex Moskovski 100,000 accounts of bears shorting Bitcoin, had liquidated short BTC positions totaling around $846 million.

Alex Krüger, another crypto analyst said in the past weekend we witnessed what he called a “picture-perfect short squeeze.
This is the first time Amazon has shown interest in crypto, leading to 20% in Bitcoin prices.

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