Cryptocurrency As A Payment Option Not Anytime Soon, Says Amazon's CEO

Amazon's CEO, Andy Jassy, said the e-commerce giant is not close to adding cryptocurrency as a payment option to its retail business.

Amazon.com Inc Chief Executive Officer Andy Jassy said the e-commerce giant is not close to adding cryptocurrency as a payment option to its retail business, in an interview with CNBC on Thursday.

But, he also said it might be possible to sell non-fungible tokens (NFTs) on its e-commerce platform and expects NFTs to continue to grow "significantly."

NFTs, a type of digital asset that exist on a blockchain, have exploded in popularity in 2021, with NFT artworks selling for millions of dollars.

Jassy said cryptocurrencies will become bigger in the longer term, but added he himself does not own any bitcoin.