{"id":16896,"date":"2022-04-19T01:48:51","date_gmt":"2022-04-19T01:48:51","guid":{"rendered":"https:\/\/www.knowledgeinnovations.com\/?p=16896"},"modified":"2022-04-19T01:48:51","modified_gmt":"2022-04-19T01:48:51","slug":"amazon-ceo-predicts-growth-in-crypto-and-nfts","status":"publish","type":"post","link":"https:\/\/www.knowledgeinnovations.com\/2022\/04\/19\/amazon-ceo-predicts-growth-in-crypto-and-nfts\/","title":{"rendered":"Amazon CEO: Predicts growth in Crypto and NFTs"},"content":{"rendered":"

The CEO of e-commerce giant Amazon is optimistic about crypto and non-fungible tokens (NFTs). He says that over time crypto will \u201cbecome bigger\u201d and NFTs will continue to \u201cgrow very significantly.\u201d He also announced that<\/strong> Amazon\u00a0 will be accepting Crypto Payments and Selling NFTs.Amazon CEO Andy Jassy talked about cryptocurrency and non-fungible tokens (NFTs) in an interview with CNBC Thursday. Jassy replaced Jeff Bezos as president and CEO of Amazon in July last year. He previously led Amazon Web Services (AWS) since its inception in 2003.<\/p>\n

Regarding whether Amazon will accept cryptocurrency for payments of products on its platform, the CEO affirmed, \u201cWe\u2019re not probably close to adding crypto as a payment mechanism in our retail business.\u201d However, he noted:<\/p>\n

\n

I do believe over time that you\u2019ll see crypto become bigger.<\/em><\/p>\n<\/blockquote>\n

Commenting on whether he owns any cryptocurrency, the Amazon executive disclosed, \u201cI don\u2019t have bitcoin myself.\u201d<\/p>\n

When asked whether Amazon could one day sell NFTs, Jassy replied, \u201cI think it\u2019s possible down the road on the platform.\u201d While revealing that he does not own any NFTs personally, the Amazon boss opined:<\/p>\n

\n

I expect that NFTs will continue to grow very significantly.<\/em><\/p>\n<\/blockquote>\n

The e-commerce giant has been hiring crypto experts for various divisions of the company. In November last year, AWS posted a job listing for a principal digital asset specialist who can \u201chelp drive adoption across the global digital asset community.\u201d<\/p>\n

Amazon also posted a job offer for a digital currency and blockchain expert for its Payment Acceptance & Customer Experience team in June last year with the aim to develop the company\u2019s digital currency and blockchain strategy as well as a product roadmap.<\/p>\n","protected":false},"excerpt":{"rendered":"

The CEO of e-commerce giant Amazon is optimistic about crypto and non-fungible tokens (NFTs). He says that over time crypto will \u201cbecome bigger\u201d and NFTs will continue to \u201cgrow very significantly.\u201d He also announced that Amazon\u00a0 will be accepting Crypto Payments and Selling NFTs.Amazon CEO Andy Jassy talked about cryptocurrency and non-fungible tokens (NFTs) in…<\/p>\n","protected":false},"author":2,"featured_media":16897,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[133],"tags":[579,363,578],"acf":false,"author_meta":{"ID":"2","user_nicename":"kwami","user_email":"kwami@knowledgeinnovations.com","user_registered":"2021-04-12 07:20:49","display_name":"Kwami Ahiabenu","first_name":"Kwami","last_name":"Ahiabenu"},"_links":{"self":[{"href":"https:\/\/www.knowledgeinnovations.com\/wp-json\/wp\/v2\/posts\/16896"}],"collection":[{"href":"https:\/\/www.knowledgeinnovations.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.knowledgeinnovations.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.knowledgeinnovations.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.knowledgeinnovations.com\/wp-json\/wp\/v2\/comments?post=16896"}],"version-history":[{"count":1,"href":"https:\/\/www.knowledgeinnovations.com\/wp-json\/wp\/v2\/posts\/16896\/revisions"}],"predecessor-version":[{"id":16898,"href":"https:\/\/www.knowledgeinnovations.com\/wp-json\/wp\/v2\/posts\/16896\/revisions\/16898"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.knowledgeinnovations.com\/wp-json\/wp\/v2\/media\/16897"}],"wp:attachment":[{"href":"https:\/\/www.knowledgeinnovations.com\/wp-json\/wp\/v2\/media?parent=16896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.knowledgeinnovations.com\/wp-json\/wp\/v2\/categories?post=16896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.knowledgeinnovations.com\/wp-json\/wp\/v2\/tags?post=16896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}