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.

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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).

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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.

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