On April 14, Amazon CEO Andy Jassy stated that the company has no plans to add cryptocurrency as a payment method for its retail operation, but it is possible that it may offer NFTs in the future.
Jassy believes that the cryptocurrency market will gain popularity over time and that it may be possible to sell non-fungible tokens (NFTs) on its e-commerce platform, and he expects NFTs to grow “substantially,” although he does not personally own any cryptocurrency.
On the same day, Jassy released his first “Annual Shareholder Letter” since joining Amazon. There is no mention of bitcoin, cryptocurrencies, or non-financial tokens in that letter, which shows that the company doesn’t have any real-time plans for cryptocurrency.
Last July, bitcoin prices increased in response to a report that Amazon later denied, claiming that it planned to accept bitcoin payments by the end of 2021.
An increasing number of businesses are accepting virtual currencies as payment, pushing an asset class that was previously avoided by big financial institutions closer to the mainstream.
