Amazon Is looking For Staff With Crypto Experience

Amazon is searching for staff with experience in decentralized finance (DeFi), according to a job ad posted by the company.

Amazon's job posting is for Head of Product, Blockchain for Amazon Managed Blockchain, a service that develops use cases for distributed finance, supply chain, financial services, and digital identity.

“The candidate will have a track record delivering outstanding products at scale in emerging spaces, and is passionate about blockchain, distributed systems, and cloud-scale software,” the ad stated. “Ideally you will have experience delivering products or innovations in the blockchain space, and in particular DeFi or Traditional Financial Services.”

The business already has a product called the “Amazon Managed Blockchain (AMB)” and a team behind the project as well.

DeFi has become popular among digital currency developers and fintech startups as a way to streamline payments and other financial services by either eliminating or hastening steps in transaction processing.

Amazon has been subject to speculation it was looking for staff to build a digital payment token, which appeared to be part of an emerging-payments initiative to be test-driven in Mexico.

The recent developments suggest that Amazon is looking to offer a suite of products that will be compatible with DeFi applications. Amazon Web Service is the world’s largest company in the cloud space, with Google as its closest competitor.