Amazon could sell NFTs, says CEO Andy Jassy

Amazon CEO Andy Jassy has stated that the e-commerce large isn’t near accepting cryptocurrencies for funds, however believes the crypto sector has the potential to grasp even larger development sooner or later.

Jassy stated this throughout an interview with CNBC on Thursday, telling ‘Squawk Field’ host Andrew Ross Sorkin:

“We’re not most likely near including crypto as a fee mechanism in our retail enterprise, however I do consider over time that you simply’ll see crypto turn into larger,”

The Amazon exec’s feedback come at a time many corporations proceed to lean towards accepting digital belongings for funds. The e-commerce had itself signaled some intent on the topic after it marketed for a crypto and blockchain knowledgeable in 2021.

But it surely seems the eventual adoption of cryptocurrencies as a fee possibility on the world’s largest on-line retail enterprise isn’t one thing that can come anytime quickly.

Amazon may promote NFTs

Non-fungible tokens (NFTs) have caught on massive time, with nearly each different massive firm both already tapping into the digital belongings, or wanting to take action. The UK authorities is a kind of seeking to create an NFT in 2022.

So it won’t be stunning that Amazon may begin promoting NFTs. NFT gross sales account for billions of {dollars} price of trades, with this yr prone to eclipse the $17.6 billion recorded final yr.

In line with Jassy, the sector may see much more development and it’s doable for Amazon to discover the enterprise of promoting NFTs. Amazon’s on-line retail enterprise competitor eBay already sells NFTs on its platform.

“I feel it’s doable down the highway on the platform,” he informed CNBC.

The Amazon CEO’s feedback got here after his first shareholder letter since changing Amazon founder Jeff Bezos in 2021. He says he doesn’t personal any Bitcoin or NFTs.

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