Amazon CEO Says One Sector of Crypto Economy Will Grow Significantly – Is the Retail Giant Preparing To Accept Bitcoin?

A top executive at online retail giant Amazon says that he believes one nascent sector of the crypto industry will continue to see extensive growth.

In a new interview with CNBC Squawk Box, Amazon CEO Andy Jassy says crypto assets should continue to grow but that non-fungible tokens (NFTs) are significantly taking off and that Amazon could one day support them.

Track live crypto price of 10000+ coins!

Though Jassy says that the world’s largest online retailer isn’t close to accepting crypto assets as payments as a part of their business model yet, when asked if they would consider selling NFTs, he notes that it’s a legitimate possibility in the future but does not include a timeframe.

“I think NFTs have really started to take off… 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… [Selling NFTs] is possible down the road.”

Jassy also notes that he himself does not own any NFTs or any of the top crypto asset by market cap, Bitcoin (BTC).

Related:  Elon Musk Dumps 6.9 Million Tesla Shares Worth $7 Billion

Last year, Amazon went on the prowl for a digital currency and blockchain lead. According to the job listing, the company was looking for a seasoned veteran with at least 10 years of experience who can help them navigate the world of crypto.

The job listing has since been removed from Amazon’s website.

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Admin9966/Chuenmanuse

Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: