No to Bitcoin, yes to NFT”: Amazon CEO talks about his relationship with cryptocurrencies

Amazon CEO Andy Jassy has noted that the e-commerce giant will not be accepting cryptocurrencies as a form of payment in the near future.


Cryptocurrencies still remain outside of the integrated payment solutions of various technology giants, despite the fact that digital assets have become popular in recent years. At least for Amazon , the possibility of accepting payments with Bitcoins and other cryptocurrencies is not in the plans, according to the company’s CEO, Andy Jassy.

“We’re probably nowhere near adding crypto as a payment mechanism in our retail business,” he said, “but I think it will get bigger over time.”

In conversation with CNBC , the executive pointed out that there is interest in non-fungible tokens, and that this could be the next big thing for Amazon in the field of transactions protected by blockchain.

Regarding a possible roadmap on the implementation of NFTs in Amazon, Andy Jassy pointed out that there is no concrete timetable, but he believes that “it is possible in the future for the platform”.

Amazon’s other problems before crypto

Jassy, ​​Jeff Bezos’s successor at the helm of Amazon, mentioned in the interview that he does not currently own bitcoins. He pointed out that Amazon’s interests are currently focused on keeping the business profitable, due to the increase in fuel prices after the Russian invasion of Ukraine.

Among the measures imposed by the company is a 5% fee to cover the cost of fuel inflation processes. This figure, for the moment, is assumed by the stores and businesses that offer products on Amazon Marketplace, but it is not ruled out that, if the situation worsens, this price may be added to rates covered by users and buyers.