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

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

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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.

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.”

“I expect that #NFTs will continue to grow very significantly. We’re not probably close to adding #crpyto as a payment mechanism in our retail business. But I do believe over time you’ll see crypto become and it’s possible … it’s possible down the road,” says $AMZN CEO @ajassy. pic.twitter.com/6q6HVolzgU

— Squawk Box (@SquawkCNBC) April 14, 2022

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

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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Featured Image: Shutterstock/Admin9966/Chuenmanuse

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