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Already a member? Sign In. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at or visit www. We've detected you are on Internet Explorer. For the best Barrons. Google Firefox. Subscribe Now. DJIA Futures. Nasdaq Futures. Stoxx SSE Index. Crude Oil. Dollar Index. Barron's Its Crypto Token Has Soared.

W ith the world seemingly ready to jump feet-first into the world of cryptocurrency, Amazon are ready to get involved in the scene and launch their own crypto token in The details at this juncture are as yet unclear, but it appears as though Amazon are setting up a blockchain in preparation of launching their own digital currency. An article published by FinTech Magazine confirmed that the company has posted a job ad for a new 'Head of Digital Currency and Blockchain'. The employment advertisement suggests that Amazon are looking for an 'experienced product leader to develop Amazon's Digital Currency and Blockchain strategy and product roadmap'.

Google has also recently formed a partnership with Bakkt, opening the way for crypto acceptance into its Google Pay app. It's expected that customers will be able to use the Amazon Crypto Token whilst shopping on the Amazon website, although how long this will take to implement is also unclear.

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