Amazon CEO Says They're Not Close to Accepting Crypto as Payment

Amazon (AMZN) CEO Andy Jassy delivered a sobering message to crypto enthusiasts. In a CNBC interview on Thursday morning, Jassy stated that the e-commerce and cloud-computing giant is likely not close to adding cryptocurrency as a payment option. This news dampens speculation about Amazon joining the ranks of companies embracing digital currencies.

On Thursday, Amazon CEO Andy Jassy appeared on CNBC to declare that the e-commerce juggernaut was still no closer to offering payment support for cryptocurrencies. While some hoped Amazon's vast reach could propel crypto adoption, Jassy's comments suggest otherwise, at least for the near future.

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 apparent effort to manage expectations. He emphasized that while he believes cryptocurrencies will become bigger in the longer term, he himself does not own any bitcoin, adding another layer of complexity to Amazon's stance. Amazon CEO Andy Jassy told CNBC on Thursday that the e-commerce giant isn't poised to accept cryptocurrency as payment soon.

However, Amazon may get involved in other ways. While immediate payment integration isn't on the horizon, 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 highlighting their current position. So, while hopes for immediate crypto payments are dashed, the future remains open, albeit uncertain.