Andy Jassy, CEO of the world’s largest online shopping site Amazon, said in an interview today that they expect NFTs to continue to grow and that the company may soon begin NFT sales. He also said that Amazon is not close to integrating Bitcoin and other cryptocurrencies into its payment methods.
Amazon to complete NFT integration before Bitcoin (BTC)
Amazon CEO Andy Jassy, in a Squawkbox interview on CNBC today, said that the largest online shopping site and cloud computing giant He said he is not close to integrating cryptocurrency payments, but may see the company’s NFTs in the future. “I think NFTs are really starting to rise,” says Jassy, adding that he expects non-fungi to grow despite having nothing:
I expect NFTs to continue to grow in a very significant way. We’re probably not close to adding crypto as a payment mechanism in our retail business, but I believe you’ll see crypto grow over time, and it’s possible for Amazon to accept crypto payments.
“I don’t have a Bitcoin investment”
In part of her interview, Jessy, who said that she did not have a Bitcoin investment upon the question posed to her, when asked if she could see Amazon selling NFT, she replied: gave:
Yes, I guess soon.
Amazon and cryptocurrency integration
Last July, Amazon posted a job posting for the cryptocurrency and Blockchain product leader, fueling rumors that it might be queuing up to include crypto on its platform. The London business newspaper City AM, quoting from inside a corporation, wrote that Amazon wants to accept Bitcoin “by the end of the year” and plans to launch its own cryptocurrency for 2022, triggering a minor market rally in crypto prices. However, Amazon soon denied the newspaper’s baseless claims.
With $1.6 trillion or nearly the entire cryptocurrency market ($1.97 trillion) valuation, Amazon remains one of the few big tech companies that haven’t made big moves in the crypto market. Alphabet, parent company of Google and YouTube, is exploring the launch of new Web3 and Blockchain products and plans to integrate NFTs with its streaming service. Meta, the parent company behind the leading social media platforms Facebook and Instagram, has completely changed course and is building the Metaverse, called Horizon Worlds, to find an alternative revenue source to its declining ad-based business model.
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