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Cryptocurrency As A Payment Option Not Anytime Soon, Says Amazon’s CEO

Amazon CEO says not including cryptocurrency as cost possibility anytime quickly Inc Chief Government Officer Andy Jassy stated the e-commerce big isn’t near including cryptocurrency as a cost choice to its retail enterprise, in an interview with CNBC on Thursday.

However, he additionally stated it is likely to be potential to promote non-fungible tokens (NFTs) on its e-commerce platform and expects NFTs to proceed to develop “considerably.”

NFTs, a kind of digital asset that exist on a blockchain, have exploded in reputation in 2021, with NFT artworks promoting for thousands and thousands of {dollars}.

Jassy stated cryptocurrencies will turn into greater in the long run, however added he himself doesn’t personal any bitcoin.

A rising variety of firms have began to just accept digital currencies for cost, bringing an asset class shunned by main monetary establishments till a couple of years in the past nearer to the mainstream.

Final yr, eBay Inc allowed the sale of NFTs for digital collectibles like buying and selling playing cards, pictures or video clips on its platform, the primary e-commerce firm to faucet into the frenzy round NFTs.

EBay had additionally stated it was open to the potential of accepting cryptocurrency as a type of cost sooner or later.

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