Amazon Could Sell NFTs in the Future, Claims CEO

Yuvi
Yuvi
3 Min Read

Key points

  • Amazon CEO Andy Jassy said in an interview today that he could see the company selling NFTs “down the road.”
  • He also said that Amazon probably isn’t close to integrating cryptocurrency payments for its retail business.
  • Despite expecting the NFT space to grow, Jassy revealed that he didn’t own any non-fungibles himself.
Amazon Could Sell NFTs
Amazon Could Sell NFTs

In an interview today, Andy Jassy, the CEO of Amazon, the world’s largest online retailer, said he expects NFTs to continue growing and sees the company starting to sell them down the road. He also said that Amazon is not close to adding cryptocurrencies as payments for its retail business.

In addition, Amazon’s CEO clarified in the CNBC Squawk Box interview that he did not own any Bitcoin nor Non-Fungible tokens. He said:

I don’t have bitcoin myself..
We’re not probably close to adding crypto as a payment mechanism in our retail business, but I do believe over time that you’ll see crypto become bigger.

Amazon Could Sell NFTs in the Future

Amazon CEO
Amazon CEO

However, Mr Jassy was keen to add that Amazon could sell NFTs soon. He stated that he expected NFTs to continue growing at a substantial rate, and the company could sell them down the road. NFTs could be ideal for the online retailing giant as it also sells digital art.

Furthermore, NFT sales would be in a similar trajectory to Amazon’s competitor, eBay, which opened the doors to NFT sales on the platform back in May 2021.

According to Jassy, the industry could see even more growth and there is scope for Amazon to explore the NFT sales business.

“I think it’s possible on the road on the platform“, he told CNBC.

Though Amazon remains closed to crypto, rival e-commerce giant Shopify has partnered with Strike to integrate Bitcoin payments. The latter company is attempting to bring lightning network technology to merchants across the globe to provide them with lower fees.

Amazon
Amazon

The Amazon CEO’s statements came after his first letter to shareholders since replacing Amazon founder Jeff Bezos in 2021. He says he does not own Bitcoin or NFT.

In an interview on What Bitcoin Did in February, Strike CEO Jack Mallers claimed to have been introduced to Jeff Bezos already.

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Co-founder of Xryptonation.com, Senior Author, Editor, Blockchain Expert.
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