Amazon Web Services To Drive Crypto Settlement And Custody To The Cloud

The mass crypto adoption continues these days, and there are more and more moves that are being made towards the achievement of this goal.

Now, Amazon is the game-changer that will be making a difference in this direction.

It’s been just revealed that Amazon Web Services (AWS) is searching for a specialist to foster digital asset underwriting, transaction processing, and custody in the cloud, according to a recent job posting.

The infrastructure giant wants to hire a Financial Services Specialist to work with global financial institutions and innovative fintechs, and to perform the following:

“transform the way they transact digital assets (ex. cryptocurrencies, CBDCs [central bank digital currencies], stable coins, security-backed tokens, asset-backed tokens and NFTs [non-fungible tokens]) from price discovery to execution, settlement and custody.”

Amazon’s much-anticipated move into digital assets is expected to include some kind of payment token, a so-called “Amazon coin,” based on previous job postings as noted by CoinDesk. 

It’s been also revealed that AWS tailoring its infrastructure to things like crypto transaction processing and custody will likely be seen as a smart move, one that IBM is also doing. Here’s what the job ad says more.

”Working hand in hand with our sales teams, solution architects, ISVs and systems integrators you will help deliver the solutions that move customers towards end-to-end digital asset underwriting, transaction processing, and custody in the cloud.”

Amazon made headlines not too long ago when it’s been revealed that Michael Saylor compared BTC to the firm.

MicroStrategy’s Michael Saylor has been one of the strongest supporters of Bitcoin. His firm keeps accumulating the king coin for a while despite the massive price corrections and price volatility in the crypto market.

Check out his relevant tweet:

Trading #Bitcoin is like trading Apple, Amazon, Google, or Facebook a decade ago. The more you obsess over timing the market, the more mistakes you make. They were all technology networks that were dominant & destined to grow. The best strategy is to buy bitcoin and wait. https://t.co/D3XiQ2B71R

— Michael Saylor⚡️ (@saylor) October 12, 2021

Stay tuned for more news.