In an interview with CNBC after publishing his first letter to shareholders as the new CEO of Amazon, Andy Jassy said that while he does not own any cryptocurrencies or non-fungible tokens, or NFTs, he is optimistic about the prospects for the sector. Jessy stated:
“We are probably not close to incorporating crypto as a payment mechanism in our retail business, but I do think that over time you will see crypto getting bigger. I expect NFTs to continue to grow very significantly.”
Specifically, regarding the sale of NFTs by Amazon, Jassy stated that “it is possible later on the platform.” Last November, Cointelegraph reported that Amazon was hiring a financial services specialist who “understands the broader ecosystem of cryptocurrencies and digital assets,” with a background in blockchain and distributed ledger technology.
However, Amazon posted another job advertisement two weeks ago that also asks for candidates for the same role. Job responsibilities include being “able to define industry-specific messaging and collateral that effectively communicates the AWS value proposition [Amazon Web Service] for AWS Digital Asset Solutions in Financial Services”. Curiously, the job advertisement does not indicate any degree requirement, only work experience.
Despite the optimism, Jassy reiterated the company’s stance from last July that Amazon is “probably nowhere near adding crypto as a payment mechanism in our retail business.” Among major e-commerce technology companies, Shopify has been at the forefront of crypto adoption, with the company announcing earlier this month that it would accept Bitcoin (BTC) as payment on the platform through The Lightning Network and Strike. . However, the move has also drawn skepticism from users, with some pointing to the legal ramifications of funds not going through the Know Your Customer process.
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