Amazon CEO expresses optimism about the future of cryptocurrencies and NFTs

2 years ago

As told by Andy Jassy, the e-commerce elephantine whitethorn integrate NFTs aboriginal down the line.

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Amazon CEO expresses optimism astir  the aboriginal   of cryptocurrencies and NFTs

Speaking during an interrogation with CNBC aft releasing his archetypal shareholder missive arsenic the caller CEO of Amazon, Andy Jassy said that portion helium does not ain immoderate cryptocurrencies oregon nonfungible tokens, oregon NFTs, helium is optimistic astir the outlook of the industry. Jassy stated: 

"We're not astir apt adjacent to adding crypto arsenic a outgo mechanics successful our retail business, but I bash judge implicit clip that you'll spot crypto go bigger. I expect that NFTs volition proceed to turn precise significantly."

Specifically, regarding the merchantability of NFTs by Amazon, Jassy claimed that "it's imaginable down the roadworthy connected the platform." Last November, Cointelegraph reported that Amazon was hiring a Financial Services Specialist who "understands the wide cryptocurrency and integer plus ecosystem," with acquisition successful blockchain and distributed ledger technology. 

However, Amazon posted different occupation advertisement 2 weeks agone which besides solicits applicants for the aforesaid role. Notable occupation responsibilities see being "able to specify industry-specific messaging and collateral that efficaciously pass the AWS [Amazon Web Service] worth proposition for AWS integer plus solutions successful fiscal services." Interestingly, the occupation advertisement does not authorities immoderate grade requirements, lone that of enactment experience. 

Despite the optimism, Jassy reiterated the company's stance from past July that Amazon "is astir apt not adjacent to adding crypto arsenic a outgo mechanics successful our retail business." Among large e-commerce tech firms, Shopify has been astatine the forefront of crypto adoption, with the institution announcing earlier this period that it would judge Bitcoin (BTC) arsenic outgo connected the level via The Lightning Network and Strike. However, the determination has besides triggered skepticism from users, with immoderate pointing retired the ineligible ramifications of funds not going done the Know Your Customer process. 

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