Amazon Not Close to Accepting Crypto as Payment in Retail Business, CEO Says

Nelson Wang
Updated 1 min read
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Amazon (AMZN) CEO Andy Jassy said on CNBC Thursday morning that the e-commerce and cloud-computing giant is likely not close to adding cryptocurrency as a payment mechanism for its retail business, but it’s possible it will sell NFTs (non-fungible tokens) in the future.

  • Jassy also predicted that cryptocurrencies will continue to become bigger over time, but noted that he doesn’t own any bitcoin personally.

  • On Thursday, Jassy released his first annual shareholder letter since taking over as CEO from Amazon founder Jeff Bezos last year. The letter makes no mention of bitcoin, cryptocurrency or NFTs.

  • Last July, bitcoin prices rallied on a report that Amazon wound up denying that said it was planning to accept payments in bitcoin by the end of 2021.

This is a developing story and will be updated.

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