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amazon: Amazon CEO says not including cryptocurrency as fee choice anytime quickly – Occasions of India

NEW DELHI: Amazon chief government officer (CEO) Andy Jassy mentioned the e-commerce big is just not near including cryptocurrency as a fee choice to its retail enterprise, in an interview with CNBC on Thursday.
He additionally mentioned it is likely to be potential to promote non-fungible tokens (NFTs) on its e-commerce platform and expects NFTs to proceed to develop “considerably.”
NFTs, a sort of digital asset that exist on a blockchain, have exploded in reputation in 2021, with NFT artworks promoting for thousands and thousands of {dollars}.
Jassy mentioned cryptocurrencies will grow to be greater in the long term, however added he himself doesn’t personal any bitcoin .
A rising variety of firms have began to simply accept digital currencies for fee, bringing an asset class shunned by main monetary establishments till a couple of years in the past nearer to the mainstream.
Final yr, eBay allowed the sale of NFTs for digital collectibles like buying and selling playing cards, photographs or video clips on its platform, the primary e-commerce firm to faucet into the frenzy round NFTs. learn extra
EBay had additionally mentioned it was open to the potential of accepting cryptocurrency as a type of fee sooner or later.

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