Amazon CEO does not own bitcoins, but Amazon may start selling NFTs in the future

Amazon CEO does not own bitcoins, but Amazon may start selling NFTs in the future

Amazon CEO Andy Jassy told the media Thursday that he doesn’t hold Bitcoin or NFT (non-exchangeable tokens), but he is optimistic about the future of cryptocurrency and NFT.

“I don’t own bitcoins myself,” Andy said in an interview.

“We may not be using cryptocurrencies as a payment mechanism for our retail business yet, but I believe that over time you will see cryptocurrencies become stronger,” Andy added.

Amazon has shown interest in cryptocurrencies before. Last year, Amazon intended to add a digital currency and blockchain expert to its payments team to help develop a “strategic and product RoadMap” using new technologies.

According to Jassey, “I expect NFT to continue to grow significantly.”

He says he sees a future in which the e-commerce giant will sell NFTs, which are digital assets — from music to Web site domains to digital artwork — whose ownership is recorded in blockchain.

He said: “I think it’s possible on the (Amazon) platform.”

NFT has gained widespread popularity over the past year, and there is some overlap of interest between the technology and cryptocurrency enthusiasts. Data shows that NFT transactions reached $17.6 billion last year, an increase of 21,000 percent over 2020.

Adam Spencer

Written by Adam Spencer

Author of the section "NFT".
A digital artist who releases his artwork under a pseudonym that is not disclosed on this site. Since childhood is fond of drawing and sculpture. A graduate of the Academy of Fine Arts. Passionate about both the creation of art and its history.
Has not passed him by and modern technology. He makes his works on the computer using a tablet. Master of Photoshop, Illustrator, 3ds Max and other less common specialized programs for designers and artists.
Got interested in NFT back in 2020, even before its popularity peaked. Believes NFT is a great technology that allows little-known artists to show their work to the world.

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