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.
This is a developing story and will be updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.