Amazon CEO Andy Jassy stated on CNBC Thursday morning that the e-commerce giant is unlikely to adopt cryptocurrencies as a payment method for its retail business, but that it may offer non-fungible tokens (NFTs) in the future.
“I don’t have bitcoin myself,” Jassy told CNBC’s Andrew Ross Sorkin in a “Squawk Box” interview. “You know, I expect that NFTs will continue to grow very significantly.”
“We’re not probably close to adding crypto as a payment mechanism in our retail business, but I do believe over time that you’ll see crypto become bigger,” added Jassy, who was interviewed after he released his first annual shareholder letter since taking over the helm from Amazon founder Jeff Bezos.
The company was trying to hire a digital currency and blockchain specialist to assist establish Amazon’s “strategy and product roadmap” for the technologies last year.
Although Amazon isn’t close to accepting cryptocurrency as a payment method, Jassy believes the e-commerce giant may offer NFTs in the future. Over the last year, NFTs have risen in popularity. According to data from Nonfungible.com, NFT trading reached $17.6 billion last year, up 21,000% from 2020.
When asked if Amazon will ever offer NFTs, he said: “I think it’s possible down the road on the platform.” He added that he doesn’t own any NFTs, but that he expects the technology “will continue to grow very significantly.”
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Hazel
CoinCu News
Bybit Proof of Reserve reveals BTC holdings at 50,412 (-8.55%), ETH at 525,641 (+8.11%), and…
Key Points: Bitcoin Spot ETF Inflows totaled $449M, led by BlackRock’s $1.45B contribution. Ethereum Spot…
Discover the Best New Meme Coins to Join for 2025. BTFD Coin's price rollback offers…
Discover how DTX Exchange's historic achievement of 100,000 transactions per second on a layer-1 blockchain…
VanEck suggests the U.S. could reduce its national debt by 35% by 2050 through a…
President-elect Donald Trump named Bo Hines as the executive director of the presidential crypto council.
This website uses cookies.