The Amazon brand is seen outdoors its JFK8 distribution middle in Staten Island, New York, U.S. November 25, 2020. REUTERS/Brendan McDermid.
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April 14 (Reuters) – Amazon.com Inc (AMZN.O) Chief Government Officer Andy Jassy mentioned the e-commerce large shouldn’t be near including cryptocurrency as a cost choice to its retail enterprise, in an interview with CNBC on Thursday.
He additionally mentioned it may be potential to promote non-fungible tokens (NFTs) on its e-commerce platform and expects NFTs to proceed to develop “considerably.”
NFTs, a kind of digital asset that exist on a blockchain, have exploded in recognition in 2021, with NFT artworks promoting for thousands and thousands of {dollars}.
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Jassy mentioned cryptocurrencies will grow to be greater in the long run, however added he himself doesn’t personal any bitcoin .
A rising variety of firms have began to just accept digital currencies for cost, bringing an asset class shunned by main monetary establishments till just a few years in the past nearer to the mainstream.
Final 12 months, eBay Inc (EBAY.O) allowed the sale of NFTs for digital collectibles like buying and selling playing cards, pictures or video clips on its platform, the primary e-commerce firm to faucet into the frenzy round NFTs. learn extra
EBay had additionally mentioned it was open to the opportunity of accepting cryptocurrency as a type of cost sooner or later.
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Reporting by Chavi Mehta and Tiyashi Datta in Bengaluru; Modifying by Krishna Chandra Eluri
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