Bitcoin Surges After Amazon Posts Crypto Job Opening

Amazon posted a job opening for Digital Currency and Blockchain Product Lead. Cryptocurrencies reached a new high on the 26th of July as a result.

Cryptocurrencies Skyrocket

Most of the time when there are rumors that Amazon will be exploring a new market, the stocks of its future rivals take a hit.

This was not the case with cryptocurrencies.

As of Monday afternoon, Bitcoin climbed by more than 14%, reaching a six-week high – nearly $39,043. Etherum reached $2,363, marking a 12% climb. Dogecoin also saw a rise of 14%.

Amazon’s Job Opening

Amazon listed on their website a job opening for Digital Currency and Blockchain Product Lead. The company is looking for someone to perform customer and system data analysis, navigate the Digital Currency and Blockchain strategy, monitor project execution and delivery, and more. 

Despite the speculations, Amazon hasn’t officially confirmed that it will start accepting bitcoin as payment or if they will be launching a new service.

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

The Statistics

Amazon has more than 213 million unique visitors monthly from just the US. Given that, it is logical for the company to start accepting crypto as payment at some point.

The global crypto market size is expected to reach $1087.7 million by 2026

Earlier this month, Bitcoin saw another surge. Elon Musk announced that he holds Bitcoin, Etherum, and Dogecoin and that Tesla might start accepting the cryptocurrency as payment once again.

These days, more and more people are turning to crypto exchanges for buying and trading altcoins.

ABOUT AUTHOR

Devoted my whole life to words - reading, writing and trying to be original on social media. Got certified in digital marketing - still not cool enough to be an influencer. Finished a master’s degree focused in Literature, Publishing, Mass Media. Hobbies include traveling, reading and hoping that yoga will be the thing to finally teach me some patience. Would like to take over the world at some point, but that’s an optional dream. Maybe modern tech can help me do that?

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