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It is safe to say that digital assets are gradually warming their way into the hearts of all and sundry across the world due to recent happenings. Recently, the richest man in the world, Elon Musk, made about $150 million investment in leading digital asset, Bitcoin, in registering his unwavering support for the coin.

Before Elon Musk, other investments such as Microstrategy have pooled funds into the digital assets, while others followed Elon Musk’s footstep. With crypto gaining more followers by the day, Central banks are now moving to develop their digital currency. While China is still in the lead, other countries have shown interest, judging by their level of research.

Amazon says users can use the currency for purchases

According to a new report gotten by several media platforms, Amazon is presently making its way into the Mexican financial system to create a digital currency. In a bid to showcase its unrivaled lead in the internet ecosystem, the firm has noted that it is going the way of the digital currency next time out. In its official statement, Amazon said that it was looking to begin research and develop the digital currency in the American country.

Even though the company has not yet formulated a plan to get this new development going, the recent openings and job posts have been the much-needed information people need. Experts have also noted that the company is hoping to use this latest technology to ensure their customers stay glued to their platform while bringing in new sets of customers through innovation.

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“Members will be the biggest winners when this is eventually created as they would be able to exchange their fiat to digital currencies that can be used to purchase so many things on the website. A typical example of those is the subscription of the Prime Video,” one of its as said.

The company has rolled out vacancies for respective openings

The first posting also discussed how the company hoped that Mexico would be the first country to benefit from the innovation. Another comment also mentioned that the company was looking into new technology startups across the Mexican financial system. The job post mentioned that the company was looking for engineers who are versatile in software programming no matter the level they are present.

It means that the company is looking to stack up a number of staff across various departments to launch the innovation. Despite various media outlets and individuals asking for online and offline comments, the company has failed to treat their questions and has kept mum on the next level of action.

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It is also unclear if this recent information has anything to do with “Amazon coins” that users of the platform have used. Users on the Amazon platform has always been able to use the coins to make payments at all registered game points across the internet. With Amazon looking to go into its creation of CBDC, it remains to know who else will pick up this initiative and follow suit.


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By Adebayo Owotunse (Nigeria)

Adebayo Owotunse is a versatile writer who has written hundreds of crypto articles for dozens of agencies across the years. He is now also the newest addition to the Tokenhell writers team.

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