On Monday, Amazon listed a new job opportunity for a digital currency and blockchain product lead. This cause cryptocurrency prices to soar as Bitcoin hit a six-week high of almost $39,043. Ethereum managed to reach $2,363 and Dogecoin was the last trading at roughly 22 cents per coin.
From Monday afternoon, both bitcoin and dogecoin increased by more than 14 per cent in the past 24 hours, according to Coinbase. Usually, when amazon plans to enter a new market, the stocks of their new rivals start to fall. Amazon’s new job listing had the opposite effect as Amazon could potentially legitimize the cryptocurrency sector.
The listing says it is looking for someone with a “deep understanding” of the “cryptocurrencies ecosystem and related technology.” The job role will be part of Amazon’s payment acceptance and experience team. Amazon could perhaps accept cryptocurrencies as payment in the future according to the job description.
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