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Amazon Not Close to Accepting Crypto as Payment in Retail Business, CEO Says
Still, Andy Jassy said the company may sell NFTs in the future.
Amazon (AMZN) CEO Andy Jassy said on CNBC Thursday morning that the e-commerce and cloud-computing giant is likely not close to adding cryptocurrency as a payment mechanism for its retail business, but it’s possible it will sell NFTs (non-fungible tokens) in the future.
- Jassy also predicted that cryptocurrencies will continue to become bigger over time, but noted that he doesn’t own any bitcoin personally.
- On Thursday, Jassy released his first annual shareholder letter since taking over as CEO from Amazon founder Jeff Bezos last year. The letter makes no mention of bitcoin, cryptocurrency or NFTs.
- Last July, bitcoin prices rallied on a report that Amazon wound up denying that said it was planning to accept payments in bitcoin by the end of 2021.
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This is a developing story and will be updated.
Nelson Wang
Nelson edits features and opinion stories and was previously CoinDesk’s U.S. News Editor for the East Coast. He has also been an editor at Unchained and DL News, and prior to working at CoinDesk, he was the technology stocks editor and consumer stocks editor at TheStreet. He has also held editing positions at Yahoo.com and Condé Nast Portfolio’s website, and was the content director for aMedia, an Asian American media company. Nelson grew up on Long Island, New York and went to Harvard College, earning a degree in Social Studies. He holds BTC, ETH and SOL above CoinDesk’s disclosure threshold of $1,000.
