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Amazon to Digital Currency Project in Mexico

By all accounts, Amazon's hold on the web economy seems to become for currency next, with the internet business monster planning to dispatch a "digital currency" project in Mexico.

The yet-to-be-declared venture, which Amazon portrayed out across a progression of late job posts, has all the earmarks of being an effort to keep worthwhile Prime customers forever connected to Amazon's platform.

"This product will enable customers to convert their cash into digital currency using which customers can enjoy online services including shopping for goods and services like Prime Video," one job post said of Amazon's "new payment product."

Amazon's Digital and Emerging Payments (DEP) division plans to reveal the product in Mexico; first, the posting said. A subsequent job posting hints the product gives off an impression of being comprehensively pointed toward developing business sectors. Amazon is recruiting software improvement engineers "at all levels" to staff up for dispatch.

The DEP group and Amazon didn't react to rehashed demands for input.

It isn't clear the amount Amazon's arranged foray into digital monetary standards shares practically speaking with "Amazon Coins." That 8-year old virtual currency activity permits proprietors to execute Amazon-gave cash across web games.

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