Amazon Might Sell NFTs, No Crypto Payments Anytime Soon
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April 15, 2022

Amazon CEO Andy Jassy told CNBC in an interview that the company might one day sell non-fungible tokens (NFTs), but it is not close to adding crypto as a payment mechanism. Although Jassy does not own any bitcoin (EXANTE: Bitcoin), he believes that over time crypto will "become bigger."

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"I do not have bitcoin myself. We are not probably close to adding crypto as a payment mechanism in our retail business, but I do believe over time that you will see crypto become bigger," he said.

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Speaking about NFTs, the Amazon CEO noted that NFTs "will continue to grow very significantly." And while no timeframes were provided, Jassy hinted it is possible that Amazon will allow selling digital collectibles on its platform in the foreseeable future.

Jassy's crypto commentary comes after Starbucks CEO Howard Schultz said the chain of coffeehouses is going to be in the NFT business sometime before the end of this calendar year. Although the Starbucks CEO did not elaborate on the details, he emphasized that the company has the "treasure trove of assets," hinting that the Seattle-based company already has a plan about its upcoming NFT offerings.

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