Andy Jassy, the CEO of Amazon, sees bitcoin and nonfungible tokens as having great promise (NFTs). Jassy stated in an interview with CNBC that he does not own either Bitcoin or NFTs, but is hopeful about the future of cryptocurrencies and NFTs.
“I do believe over time that you’ll see crypto become bigger,” said Jassy, as quoted by CNBC, adding “I expect that NFTs will continue to grow very significantly.” When asked if Amazon will accept cryptocurrencies as a payment method for its items, Jassy the CEO affirmed, “We’re not probably close to adding crypto as a payment mechanism in our retail business.”
On being asked whether Amazon might one day sell NFTs, Jassy responded, “I think it’s possible down the road on the platform.”
“We’re probably not close to introducing crypto as a payment mechanism in our retail business,” Jassy said when asked if Amazon will accept cryptocurrencies as a way of payment for products on its marketplace. When asked if Amazon might sell NFTs in the future, Jassy said, “I think it’s feasible down the line on the platform.”
For numerous divisions of the corporation, the e-commerce behemoth has been hiring crypto engineers and experts. Amazon Web Services (AWS) advertised a position for a principal digital asset specialist who could “help promote adoption across the worldwide digital asset ecosystem” in November 2021.
The corporation is still hiring for blockchain-related posts, including a senior product manager for the Amazon Web Services (AWS) Blockchain team. Amazon also advertised a post for a digital currency and blockchain product lead in June 2021, to assist in the development of a Web3-focused strategy and product roadmap.
Meanwhile, the popularity of NFTs has soared, with tech enthusiasts and celebrities hopping on the crypto bandwagon. According to nonfungible.com, NFT trading reached $17.6 billion last year, a 21,000% increase over 2020.