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Amazon CEO: Crypto Will Become Bigger, NFTs Will Grow ‘Very Significantly’ Skip to main content

Amazon CEO: Crypto Will Become Bigger, NFTs Will Grow ‘Very Significantly’

Amazon CEO: Crypto Will Become Bigger, NFTs Will Grow 'Very Significantly'

The CEO of e-commerce giant Amazon is optimistic about crypto and non-fungible tokens (NFTs). He says that over time crypto will “become bigger” and NFTs will continue to “grow very significantly.”

CEO on Amazon Accepting Crypto Payments and Selling NFTs

Amazon CEO Andy Jassy talked about cryptocurrency and non-fungible tokens (NFTs) in an interview with CNBC Thursday. Jassy replaced Jeff Bezos as president and CEO of Amazon in July last year. He previously led Amazon Web Services (AWS) since its inception in 2003.

Regarding whether Amazon will accept cryptocurrency for payments of products on its platform, the CEO affirmed, “We’re not probably close to adding crypto as a payment mechanism in our retail business.” However, he noted:

I do believe over time that you’ll see crypto become bigger.

Commenting on whether he owns any cryptocurrency, the Amazon executive disclosed, “I don’t have bitcoin myself.”

When asked whether Amazon could one day sell NFTs, Jassy replied, “I think it’s possible down the road on the platform.” While revealing that he does not own any NFTs personally, the Amazon boss opined:

I expect that NFTs will continue to grow very significantly.

The e-commerce giant has been hiring crypto experts for various divisions of the company. In November last year, AWS posted a job listing for a principal digital asset specialist who can “help drive adoption across the global digital asset community.”

Amazon also posted a job offer for a digital currency and blockchain expert for its Payment Acceptance & Customer Experience team in June last year with the aim to develop the company’s digital currency and blockchain strategy as well as a product roadmap.

What do you think about the comments by Amazon CEO Andy Jassy? Let us know in the comments section below.

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