Non-Fungible Tokens (NFTs) have gained on and not only individuals are interested in getting their hands on them, companies are also interested too. As the day goes by, so does the interest and number of companies interested in NFTs increase. Cryptocurrencies, on the other hand, are still making waves and seeing advancement and integration by companies around the world in one way or the other.
In a recent interview, Amazon’s CEO Andy Jassy spoke about the future of Amazon stating that he has high hopes for cryptocurrencies and NFTs that although the company has no short-term plan of including cryptocurrency as a means of payment to its platform, he believes that they’ll get bigger. He thus hinted at the idea of adopting cryptocurrencies as a means of payment in the farthest future and even selling NFTs on its platform.
“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,” he said adding that “You know, I expect that NFTs will continue to grow very significantly.”
The company has previously shown interest in cryptocurrencies. Last year it was making plans to a specialist with knowledge of digital currency and blockchain to its payments team with the aim of developing a relevant strategy and product roadmap that help it stay ahead of rivals.
In his interview, the CEO said that he could see a future where e-commerce platforms begin to sell NFTs. This, in reality, isn’t impossible and a platform with millions of users like Amazon will do well selling NFTs. This may even help to push up its revenues. “I think it’s possible down the road on the platform,” he said.
The CEO however emphasized that he currently does not own Bitcoin – the world’s most popular cryptocurrency. “I don’t have bitcoin myself,” he said. Bitcoin is one of the widely-accepted cryptocurrencies around the world.
Ibhadojemu Lucky Emmanuel is a graduate of Education and Economics from the University of Benin. He has a passion for tech and business and has been writing professionally for over a period of five years. He's written across various topics and segments and knew tech-business was it when he first stumbled on it. He has a great passion for music and arts, and wants to visit as many countries as he can someday.
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