Amazon does not plan on accepting crypto for payments soon, CEO reveals

ECommerce giant Amazon is not close to accepting cryptocurrencies as means of payment, CEO Andy Jassy told CNBC in an interview on Thursday. On the other hand, it’s possible that the company may sell NFTs in the future.

“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,” said Jessy, while noting that he does not own any bitcoin or NFTs as a personal investment.

Amazon, founded by Jeff Bezos in 1994, is a multinational technology company focused on e-commerce services, cloud computing, and AI. The company has a few times hinted at its interest in the nascent area, posting a job vacancy that sought to hire a crypto and blockchain expert for its payments team. However, in July 2021, Amazon denied the rumors of accepting Bitcoin payments.

While it may not introduce cryptocurrencies, the company might soon sell NFTs, the CEO suggested in the interview. “You know, I expect that NFTs will continue to grow very significantly,” Jassy said, later adding that he could imagine a future where Amazon would be selling NFT collectibles.

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