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Amazon’s CEO Teases NFT Trading and Crypto Payments in the Future

Amazon, the all-knowing god of retail, has set tongues wagging and whispers a-flying with its newest announcement that it may incorporate NFTs and cryptocurrency payments to its platform.

Andy Jassy, the newly appointed Amazon CEO, stated he was hopeful about the future of NFTs and cryptocurrency in a recent interview with CNBC. However, he did note that the technology will take some time to become operational on the company’s retail platform.

A succession of Web3-related job opportunities, notably targeting professionals with experience working in the blockchain business and strong knowledge of distributed ledger technology, provide more evidence of its association with the blockchain. So, if you read between the lines, Amazon wants a piece of the Web3 action, but it’ll keep its intentions under wraps for the time being.

Amazon, despite being one of the world’s largest online shopping hubs, is falling behind some of its competitors. Stripe and Shopify, two other internet heavyweights, already have crypto-based services available on their sites. However, some have raised concerns about the consequences of unsuccessful transactions that do not go through the KYC procedure.

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