Amazon CEO: Crypto Will Become Bigger, NFTs Will Grow ‘Very Significantly’

1 Mins read

The CEO of e-commerce giant Amazon is optimistic about crypto and non-fungible tokens (NFTs). He says that over time crypto will “become bigger” and NFTs will continue to “grow very significantly.”

CEO on Amazon Accepting Crypto Payments and Selling NFTs

Amazon CEO Andy Jassy talked about cryptocurrency and non-fungible tokens (NFTs) in an interview with CNBC Thursday. Jassy replaced Jeff Bezos as president and CEO of Amazon in July last year. He previously led Amazon Web Services (AWS) since its inception in 2003.

Regarding whether Amazon will accept cryptocurrency for payments of products on its platform, the CEO affirmed, “We’re not probably close to adding crypto as a payment mechanism in our retail business.” However, he noted:

I do believe over time that you’ll see crypto become bigger.

Commenting on whether he owns any cryptocurrency, the Amazon executive disclosed, “I don’t have bitcoin myself.”

When asked whether Amazon could one day sell NFTs, Jassy replied, “I think it’s possible down the road on the platform.” While revealing that he does not own any NFTs personally, the Amazon boss opined:

I expect that NFTs will continue to grow very significantly.

The e-commerce giant has been hiring crypto experts for various divisions of the company. In November last year, AWS posted a job listing for a principal digital asset specialist who can “help drive adoption across the global digital asset community.”

Amazon also posted a job offer for a digital currency and blockchain expert for its Payment Acceptance & Customer Experience team in June last year with the aim to develop the company’s digital currency and blockchain strategy as well as a product roadmap. | Kevin Helms

Related posts

SoftBank cautions longer startup winter because unicorn founders are unwilling to cut valuationsSoftBank cautions longer startup winter because unicorn founders are unwilling to cut valuations

2 Mins read
Masayoshi Son, founder and chief executive of SoftBank Group, which reported a quarterly loss of more than $23 billion, is worried that…

MTN paid ¢1.2bn taxes to government in half-year 2022

2 Mins read
Leading mobile service provider, MTN Ghana paid ¢1.2 billion in direct and indirect taxes during the first-half of 2022. According to its…

1D1F: President inspects GH¢9.2m yam/cassava factory in Bimbilla

1 Mins read
The President, Nana Addo Dankwa Akufo-Addo, on Tuesday, 9th August 2022, visited Global Almas Processing Ltd, a yam and cassava processing factory located…

Leave a Reply

Your email address will not be published.