How to get paid in bitcoin

June 22, 2021 / Rating: 4.6 / Views: 508

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Bitcoin on amazon

The e-commerce and cloud computing giant put out a call for talent to join its Digital and Emerging Payments (DEP) division, which is in the process of developing a system whereby customers in emerging markets can “convert their cash into digital currency”. The move to launch an Amazon-exclusive digital currency comes as a number of high profile organizations and institutional investors begin to pay closer attention to the cryptocurrency ecosystem. Electric car company Tesla, for example, recently announced it has that effectively turns traditional banks into crypto exchanges. As far back as mid-2019, Facebook announced the launch of the Diem Association (formerly Libra Association), which seeks to create a digital currency system whereby anyone with a smartphone can make cross-border payments and purchases without incurring significant transaction fees. Although details on the new project remain scant and Amazon is yet to make a public statement on the topic, early signs suggest the company's plans are less grand. It appears its digital currency will operate exclusively within the bounds of the Amazon ecosystem and initially only in a small selection of markets. The benefit of using Amazon’s own digital coin to make purchases over regional fiat currency is currently unclear. Amazon did not return our request for clarification. Joel Khalili is a Staff Writer working across both Tech Radar Pro and ITPro Portal. He's interested in receiving pitches around cybersecurity, data privacy, cloud, storage, internet infrastructure, mobile, 5G and blockchain. The e-commerce and cloud computing giant put out a call for talent to join its Digital and Emerging Payments (DEP) division, which is in the process of developing a system whereby customers in emerging markets can “convert their cash into digital currency”. The move to launch an Amazon-exclusive digital currency comes as a number of high profile organizations and institutional investors begin to pay closer attention to the cryptocurrency ecosystem. Electric car company Tesla, for example, recently announced it has that effectively turns traditional banks into crypto exchanges. As far back as mid-2019, Facebook announced the launch of the Diem Association (formerly Libra Association), which seeks to create a digital currency system whereby anyone with a smartphone can make cross-border payments and purchases without incurring significant transaction fees. Although details on the new project remain scant and Amazon is yet to make a public statement on the topic, early signs suggest the company's plans are less grand. It appears its digital currency will operate exclusively within the bounds of the Amazon ecosystem and initially only in a small selection of markets. The benefit of using Amazon’s own digital coin to make purchases over regional fiat currency is currently unclear. Amazon did not return our request for clarification. Joel Khalili is a Staff Writer working across both Tech Radar Pro and ITPro Portal. He's interested in receiving pitches around cybersecurity, data privacy, cloud, storage, internet infrastructure, mobile, 5G and blockchain.

date: 22-Jun-2021 19:29next


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