Amazon CEO Refuses To Accept Cryptocurrencies As Mode of Payment On Amazon

Though the decision seems to be controversial to some investors who keep digital currency and assets in the same boat, yet Amazon seems not to accept Cryptocurrencies at least in the near future.

Amazon Refuses To Accept Cryptocurrencies

Amazon CEO Andy Jassy has refused to accept Cryptocurrencies as one of the payments mode on sale of goods by Amazon. Though he was open about the positive future of NFTs and hinted that Amazon could also become a market place for NFTs in the future, says a report by CNBC.

Though the decision seems to be controversial to some investors who keep digital currency and assets in the same boat, yet Amazon seems not to accept Cryptocurrencies at least in the near future.

Amazon is considered as largest online retailer company of the world.

Jassy added that “we’re not probably close to adding crypto as a payment mechanism in our retail business, but I do believe over time that that you’ll see crypto become bigger and it’s awesome.”

As far as Amazon selling NFTs, Jassy said “I think it’s possible down the road on the platform.”

Jassy was also very quick in announcing that he doesn’t own any Bitcoin or NFTs but he is very positive about the future of digital assets and currencies.

Non fungible tokens, or NFT is a unique digital art or content that can be held on the blockchain. It can range from just a simple photo to a video or something more complex .

Jassy, earlier headed Amazon Web Services and took the reins from Jeff Bezos as CEO in July 2021. Jassy was the brain behind Amazon Managed Blockchain service. 

It is worth noting that Amazon was keen to add digital currency and blockchain experts to the team last year.