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Amazon Quietly Removes Job Ad Revealing Digital Currency Plans – Here’s What We Know So Far

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Online retail giant Amazon has removed a job advertisement stating the company is working on a digital currency project.

The job listing described an initiative that would be initially implemented in Mexico, allowing users to swap their cash for virtual currency.

“We are looking for a leader to help us launch a new payment product starting with Mexico as our initial launch country. 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.”

A separate job ad with the title ‘Principal Technical Program Manager – Digital Currency’ remains online.

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Amazon says the responsibility of the technical program manager will consist of serving as the “technology enabler for innovating our customer solutions in support of their mission of economic development and inclusion, risk oversight and consumer protection and financial and monetary stability.”

The online retailer adds that the position will involve interacting with the upper echelons of “Central Banks, financial regulators, inter-governmental organizations (IGOs) and international financial institutions (IFIs).”

While the e-commerce giant has never talked about its digital currency ambitions in great detail, it has had a separate virtual currency known as Amazon Coins since May of 2013.

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Amazon Coins are pegged to the US dollar on a 100:1 basis – one Amazon Coin represents one US cent. The coins are available for purchase on Amazon and can be used to buy games and apps on the online retailer’s devices and app store.

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