SHOW ALL

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

The Amazon CEO says he won’t accept crypto payments but may sell NFTs in the future

The_Amazon_CEO_says_he_won't_accept_crypto_payments_but_may_sell

Amazon CEO Andy Jassy told CNBC on Thursday that, although he does not personally own bitcoin or other nonfungible tokens, he is bullish about their future.

“I don’t have bitcoin,” Jassy declared during a “Squawk Box” interview with CNBC’s Andrew Ross Sorkin.

“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,” Jassy remarked in his first annual shareholder letter after succeeding Amazon founder Jeff Bezos.

Amazon has already shown interest in cryptocurrency. It sought to hire a digital currency and blockchain specialist last year to assist in the development of Amazon’s “strategy and product roadmap” for the technology.

“You know, I expect that NFTs will continue to grow very significantly,” Jassy remarked on Thursday.

He anticipates that the e-commerce behemoth will eventually sell NFTs. NFTs are digital assets that are registered on a blockchain and may vary from music to a website name to digital artwork.

“I think it’s possible down the road on the platform,” he said.

NFTs have gained popularity over the last year, and the technology has potential applications for cryptocurrency aficionados. Nonfungible.com reports that NFT trading reached $17.6 billion last year, a 21,000 percent increase over 2020.

About Tiffany Ellis

She is a smiley curious writer from the USA. She loves Cryptocurrencies, Arts an also NFTs.

SHARE:
Latest NFT News, Trendings and Tutorials, right in your inbox, every Monday

IMPORTANT DISCLAIMER: All content provided here in our website, hyperlinked sites, social media accounts and other platforms are for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them.

Recommended Posts

Leave a Reply

Your email address will not be published. Required fields are marked *