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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.
By Nelson Wang
Updated May 11, 2023, 4:05 p.m. Published Apr 14, 2022, 1:20 p.m.
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.
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