Amazon CEO Hints At Possible NFT Sales In The Future

Amazon is not yet close to adding Crypto Payments but could sell NFTs

Andy Jassy, Amazon CEO said CNBC interviewed Squawkbox today to reveal that although the biggest online retailer and cloud computing firm is not yet ready to integrate cryptocurrency payments, they could soon see NFTs from the company.

“I think NFTs have really started to take off,” Jassy said, adding that he expects to see the non-fungibles growing despite not owning any:

“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 and—it’s possible [that Amazon ingrates crypto payments].”

Asked whether he could see Amazon selling NFTs, Jessy replied: “Yeah, I think it’s down the road.” 

Amazon published a July 2017 report. Posting a job according to rumors, it could be looking for a blockchain and digital currency product lead and may be looking to integrate crypto into its platform. The London business newspaper cited an anonymous company insider. City A.M. then wrote that Amazon was looking to accept Bitcoin “by the end of the year” and was planning to issue its own token for 2022, triggering a small market rally in crypto prices. Amazon however did not respond to my request. denied the newspaper’s unsubstantiated claims soon after.

Amazon, valued at $1.6 trillion, or almost as much as the entire cryptocurrency market ($1.97 trillion), has remained one of the few large tech companies that haven’t made any big moves in the crypto space. Alphabet, the parent company of YouTube and Google, is looking at new ways to launch. Web3Plans and products based on blockchain technology Integrate NFTsWith its streaming service. On the other hand, MetaThe parent company behind the popular social media platforms Facebook, Instagram and Snapchat has changed its mind and is now building Horizon Worlds, a Metaverse to try and find a new revenue source for its declining ad business model.

 

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