Amazon listed a job opening for a digital currency and blockchain product lead, sending cryptocurrencies soaring Monday.
Bitcoin climbed to a six-week high of nearly $39,043, while ethereum reached $2,363. Dogecoin was last trading at about 22 cents per coin, giving it a $28.8 billion market cap. As of Monday afternoon, both bitcoin and dogecoin had soared more than 14% over the past 24 hours, according to Coinbase. And ethereum went up nearly 12% over that period.
Typically, when Amazon is rumored to enter a new market, stocks of soon-to-be rivals tumble. But Amazon’s job listing had the opposite effect Monday, generating buzz about the tech company’s future involvement with cryptocurrencies and its potential to further legitimize the nascent digital currency sector.
In Amazon’s listing, which was posted Friday, the company says it is looking for someone with a “deep understanding” of the “cryptocurrency ecosystem and related technologies.”
The role would be part of Amazon’s payment acceptance and experience team, according to the job description, perhaps implying that the e-commerce giant could accept cryptocurrencies as payment in the near…