Amazon Web Services adopting crypto?

Amazon Web Services recently posted a job role looking for a specialist to foster digital asset underwriting, transaction processing, and custody in the cloud.

The infrastructure giant wants to hire a Financial Services Specialist to work with global financial institutions and innovative fintech and “transform the way they transact digital assets (ex. cryptocurrencies, CBDCs [central bank digital currencies], stable coins, security-backed tokens, asset-backed tokens and NFTs [non-fungible tokens]) from price discovery to execution, settlement and custody.”

Amazon coin? Early this year, Amazon spoke about their new product “This product will enable customers to convert their cash into digital currency using which customers can enjoy online services including shopping for goods and/or services like Prime Video,” one job post said of Amazon’s “new payment product”.

Amazon had launched “Amazon coins” in 2013, which were exchangeable for Kindle applications and games in the US. We still don’t know whether Amazon’s planned foray into digital currencies has any connections with “Amazon Coins.”

It’s getting Crypto ready: AWS is also tailoring its infrastructure to cryptocurrency transaction processing and custody.

“Working hand in hand with our sales teams, solution architects, [independent software vendors] and systems integrators, you will help deliver the solutions that move customers towards end-to-end digital asset underwriting, transaction processing, and custody in the cloud,” posted amazon in its job post.