Does Amazon hint at allowing crypto payments in the future?

Andy Jassy, CEO of Amazon, believes in the power of digital cryptocurrencies. However, the company is not likely to begin acknowledging cryptocurrencies on its retail platform anytime soon. 

Amazon’s CEO said he doesn’t have Bitcoin himself in his first letter to shareholders. He further added that shortly, there is no probability of adding crypto as a payment mechanism. However, he believes that we can expect cryptos as a payment method over time. 

In addition, he also expressed his faith in cryptocurrencies and NFTs. He added that he believes that users can see crypto become more extensive overtime. Moreover, he expects that NFTs will continue to grow very significantly.  

Would Amazon start selling NFTs one day?

Jassy said that the idea is down the road on the platform. With this, Amazon has indicated its inclination towards blockchain and blockchain-based applications.

Last year, the company was looking for a blockchain and digital currency expert to join its payments team. A job listing on Amazon’s platform at the time revealed that the company was looking for an “experienced product leader to build Amazon’s Virtual Currency and Blockchain strategy and product roadmap. 

The roles and responsibilities consisted of domain expertise in blockchain, distributed ledger, central bank virtual currency, and cryptocurrency, and ability to drive the overall vision and product strategy. 

Interestingly, Amazon still has openings in AWS’s Blockchain team. The company is seeking a Product Manager, Blockchain, AWS Blockchain “to drive roadmap, feature definition and go-to-market strategy of the AWS product offering across the rapidly evolving and broad landscape of blockchain technology and use cases.”

Author: Abhishek Kumar

A self-believer who loves to learn and spread the light of wisdom in his community. You could find him writing about finance, cryptos, and marketing. Moreover, he loves to read non-fiction and drink non-alcoholic drinks.

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