- Andy Jassy told CNBC that the e-commerce and cloud computing giant is not considering cryptocurrency as a payment alternative, as of now.
- He predicted cryptocurrencies to expand and reach new heights over time.
- Jassy’s first annual shareholder letter didn’t mention anything regarding bitcoin, cryptocurrency or NFTs.
Andy Jassy, Amazon’s CEO has told CNBC that he is neither the owner of any bitcoin nor NFTs. However, he definitely expressed his positive approach towards the blooming future of non-fungible tokens and cryptocurrencies.
During a Squawk Box interview with CNBC’s Andrew Ross Sorkin, Jassy told,
I don’t have bitcoin myself
Upon releasing the first Amazon shareholder letter since replacing Jeff Bezos in July 2021, Andy Jassy said,
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.
Understanding the power of non-fungible tokens and their dominance in the coming time, Jassy further said that he sees a future, wherein, Amazon might be selling NFTs, thanks to them proving their potential as digital assets in every area from music to arts, entertainment and website domain.
“I think it’s possible down the road on the platform,” he said.
Amazon’s inclination towards cryptocurrency can be concluded from the fact that it was planning to have a digital currency and blockchain product lead in its payments team, last year. Purpose behind was to craft Web3-focused strategy and product roadmap.
Though Amazon is presently away from crypto as a payment mechanism in its retail business; if it adopts the technology, it would compete with popular online retailers like eBay, which actively started selling NFTs in 2021, May.
Based on the data of Nonfungible.com, trading in NFTs hit $17.6 billion in 2021; thereby, showing a rise of 21,000% from 2020.