After releasing the first shareholder letter, Amazon’s new CEO, Andy Jassy, stated that while he does not own any cryptocurrencies or nonfungible tokens (NFTs), he is optimistic about the industry’s future. According to Jassy:
“We’re not probably close to adding crypto as a payment mechanism in our retail business, but I do believe over time that you’ll see crypto become bigger. I expect that NFTs will continue to grow very significantly.”
Regarding Amazon’s sale of NFTs, Jassy stated that “it’s possible down the road on the platform.” According to Cointelegraph, Amazon is looking for a Financial Services Specialist who “understands the overall cryptocurrency and digital asset ecosystem” and has experience with blockchain and distributed ledger technology.
However, Amazon posted another job advertisement two weeks ago seeking applicants for the same position. Notable job duties include “the ability to define industry-specific messaging and collateral that effectively communicates the AWS [Amazon Web Service] value proposition for AWS digital asset solutions in financial services.” Surprisingly, the job posting does not specify a degree requirement, only work experience.
Despite his optimism, Jassy reiterated Amazon’s position from July, stating that the company “is probably not close to adding crypto as a payment mechanism in our retail business.”
Shopify has been at the forefront of crypto adoption among major e-commerce tech firms, announcing earlier this month that it would accept Bitcoin (BTC) as payment on the platform via The Lightning Network and Strike.
However, the move has sparked user skepticism, with some pointing out the legal ramifications of funds that have not gone through the Know Your Customer process.
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