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Andy Jassy says he doesn’t own bitcoin, says Amazon could sell NFTs

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Andy Jassy, Amazon CEO speaks to Jon Fortt of CNBC.

CNBC

AmazonCNBC’s Andy Jassy, CEO of the company, stated that while he does not own bitcoins but is optimistic about cryptocurrency and other non-fungible tokens.

Jassy stated that she does not have Bitcoin, to Andrew Ross Sorkin at CNBC.Squawk Box” interview. “You know that I think NFTs will grow significantly,” said the interviewer.

Jassy stated that while we’re still not close to adding cryptocurrency as a payment option in our retail business, “I do believe that crypto will become more popular over time,” he added. released his first annual shareholder letterSince Jeff Bezos, the founder of Amazon, took over the helm.

Amazon expressed interest previously in cryptocurrency. It was last year that it was looking to addAmazon has hired a blockchain and digital currency expert for its payments team in order to develop the “strategies and product roadmaps” around these technologies.

Although Amazon is not likely to add crypto as a payment option, Jassy stated that he can see a future in which the e-commerce company sells NFTs. NFTs are digital assets — from music to a website domain to digital artwork — whose ownership is recorded on a blockchain.

Over the past year NFTs gained popularity rapidly and some of the tech is similar to cryptocurrency enthusiasts. NFTs were traded at $17.6B last year. That’s an increase of 211,000% over 2020. data from Nonfungible.com.

Jassy responded to a question regarding whether Amazon might sell NFTs. Jassy stated that while he does not own NFTs but expects that the technology will “continue to grow very substantially.”

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