Amazon CEO Is Very Bullish About Crypto and NFTs

Amazon CEO Is Very Bullish About Crypto and NFTs
  • CEO of Amazon Andy Jassy said that crypto will “become bigger.”
  • Jassy also said that NFTs will “grow very significantly.”
  • Amazon has been hiring crypto professionals over the past year.

In an interview with CNBC on Thursday, CEO of Amazon Andy Jassy shared his thoughts about cryptocurrency and non-fungible tokens (NFTs). Jeff Bezos has been replaced by Jassy as the president and CEO of Amazon in July 2021. The Amazon CEO was the former head of Amazon Web Services (AWS) since it was established in 2003.

With regards to whether Amazon will accept cryptocurrency to purchase products on its platform, the CEO mentioned that they’re probably not “close to adding crypto as a payment mechanism in our retail business.” Nevertheless, Jassy emphasized:

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

At the question on whether Amazon could potentially sell NFTs one day, Jassy answered, “I think it’s possible down the road on the platform.” 

Although Jassy disclosed that he does not own any NFTs personally, he remarked: 

“I expect that NFTs will continue to grow very significantly.”

Amazon has been hiring crypto professionals for several divisions in the company. In February 2021, Amazon posted a job as a Software Development Manager for the Digital and Emerging Payments division. 

November 2021, AWS was looking for a principal digital asset specialist. Amazon also posted a job for a digital currency and blockchain product lead last year for its Payment Acceptance & Experience Team. These experts will help Amazon develop the company’s digital currency. Amazon will also grow its blockchain exploration and product roadmap. In addition, the role will help Amazon drive adoption across the global digital asset community.

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Bryan is a gamer who became genuinely interested in crypto after his initial exposure to Play-to-Earn games like Axie Infinity and Pegaxy. He has basic knowledge of technical analysis and is keeping an eye out for interesting developments in the metaverse and GameFi space.