Amazon Not Close to Accepting Crypto as Payment in Retail Business, CEO Says

Amazon (AMZN) CEO Andy Jassy said on CNBC Thursday morning that the e-commerce and cloud-computing giant is likely not close to adding cryptocurrency as a payment mechanism for its retail business, but it’s possible it will sell NFTs (non-fungible tokens) in the future.

• Jassy also predicted that cryptocurrencies will continue to become bigger over time, but noted that he doesn’t own any bitcoin personally.
• On Thursday, Jassy released his first annual shareholder letter since taking over as CEO from Amazon founder Jeff Bezos last year. The letter makes no mention of bitcoin, cryptocurrency or NFTs.
• Last July, bitcoin prices rallied on a report that Amazon wound up denying that said it was planning to accept payments in bitcoin by the end of 2021.

This is a developing story and will be updated.