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Amazon CEO Hints at Future NFT Trading and Crypto Payments

Mon, 18 Apr 2022 13:05:25 +0000

Amazon Retail NFT Crypto

Omni-present god of retail, Amazon, has set tongues a-wagging and rumours a-flying with its latest revelation, indicating recently that it may add NFTs and cryptocurrency payments to its platform.

Speaking during a recent interview with CNBC, newly appointed Amazon CEO, Andy Jassy, said he was optimistic about the future of NFTs and cryptocurrency. However, he did add that it would take some time before the tech will be active on its retail platform.

Further indications abound as to its relationship with the blockchain through a series of Web3-related job openings, specifically targeting individuals with experience working within the blockchain industry, along with extensive knowledge of distributed ledger technology. So, reading between the lines, Amazon is keen to get a piece of the Web3 action, however, it will keep its plans low key for the time being.

Despite being one of the largest online retail hubs in the digital world, Amazon is lagging behind some of its competitors. Fellow online giants Stripe and Shopify already offer crypto-based services via their respective platforms. However, some have questioned the repercussions of failed transactions that don’t follow a KYC process.

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

The post Amazon CEO Hints at Future NFT Trading and Crypto Payments appeared first on NFT Plazas.

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