AMAZON to start NFTs business and crypto payments in future

AMAZON to start NFTs business and crypto payments in future

CEO of Amazon  Andy Jassy, who has taken charge of the company only recently, has hinted while giving an interview to CNBC that Amazon may soon begin trading in cryptocurrencies and NFTs. However, he clarified that it may take some time before NFTs and cryptocurrency payments become active on the Amazon retail platform.

There are speculations that activation of blockchain will be conducted through  a massive job availability for those individuals who have involvement  in work in the blockchain business field. Thus, it looks like Amazon is going to operate this project as a web3 related project.

https://twitter.com/Blockworks_/status/1514591104179621891?s=20&t=SaEHJK67g0zpu7n4sr1WnA

Although Amazon is one of the giants among online retailer websites, it is still struggling behind companies like Stripe and Shopify, which are already in the crypto business. However, there are still some negative observations about those unsuccessful transactions which are not in accordance with the KYC procedure.

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