The “everything store” eye is on the crypto world.  Amazon CEO opens doors for future NFT sales for the company

The “everything store” eye is on the crypto world. Amazon CEO opens doors for future NFT sales for the company

O Amazon CEOAndy was optimistic about Jesse’s future Cryptocurrencies and NFTs. Despite not having any bitcoin or non-fungible tokens, he positively noted the potential of the company founded by Jeff Bezos. Sell ​​NFTs In the future.

“I think it’s possible to take to the streets on the platform,” Jesse told CNBC in an interview. He also said that “NFTs are expected to continue to grow significantly.”

The man chosen to replace Bezos as chairman of Amazon also spoke about the possibility of using cryptocurrency for future payments on the platform.

“We may not be close to adding cryptocurrency as a payment mechanism in our retail business, but I believe over time you will see cryptocurrencies grow larger,” Jesse said.

Amazon has previously indicated an interest in cryptocurrency. Last year, the company hired digital currency and blockchain experts to join the payment team and help develop Amazon product strategies and roadmaps around the technology.

NFTs (non-fungible tokens) are digital assets whose ownership is registered on the blockchain. We explain everything about them in this article.

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First letter to Amazon shareholders

Andy Jesse, who took over Amazon on July 5, 2021, also published the first annual letter to shareholders since taking over the helm this Thursday (14).

Jesse wrote about the great growth of the Amazon during the epidemic, especially in the retail sector. “We’ve seen an estimated three-year growth in about 15 months,” he said.

The CEO also spoke about the logistics and cost challenges of trying to maintain high demand during an epidemic. The company had to quickly expand its warehouse network to process orders.

“We spent the first 25 years of Amazon building a very large complete network and then had to double that in the last 24 months to meet customer demand,” Jassy wrote.

According to Jassi, Amazon had 410 fulfillment centers and 260,000 delivery drivers worldwide at the end of last year.

Another issue the CEO addressed was the impact of the “tight” labor market, which made it difficult to move inventory more efficiently.

According to Jassi, supply chain restrictions added another level of challenge as ocean, air and truck capacity became limited and container prices soared.

“It’s not uncommon for a company of any size to respond to something as intact and unexpected as this epidemic,” Jesse said. “What is it about Amazon that enables us to do this? Because we weren’t starting from scratch. ”

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* With information from CNBC

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