AMAZON PAY VP SAYS NO CURRENT PLANS TO CREATE CRYPTO: WE DONT DEAL IN THE SPECULATIVE

The world of cryptocurrency continues to evolve at a breakneck pace, sparking both excitement and caution within the established financial and technological landscapes. Speaking at Fortune s Brainstorm Finance 2025 event, Patrick Gaulthier, vice president of Amazon Pay, said the kind of value transfer system Facebook unveiled this week was a step too far inWhile companies like Facebook (now Meta) explored the possibilities of creating their own digital currencies, other giants are taking a more measured approach.Amazon, a titan of e-commerce and cloud computing, remains hesitant to dive headfirst into the crypto ocean.According to Amazon Pay VP Patrick Gauthier, the company currently has no plans to create its own cryptocurrency, emphasizing a focus on avoiding speculative ventures.This stance reflects a broader sentiment within Amazon, suggesting that it's too early to fully embrace the volatile and still-maturing crypto space.This decision underscores the complex considerations that major corporations must weigh when contemplating integrating cryptocurrency into their business models. CNBC is the world leader in business news and real-time financial market coverage. Find fast, actionable information.Is this a missed opportunity for Amazon, or a prudent strategy to avoid unnecessary risk? In a shocking turn of events, Trump proposes a tariff-free trade pact with Canada that could revolutionize North American trade as we know it! Meanwhile, theThe future of Amazon and crypto is still to be written, but for now, speculation remains at bay.

Amazon's Cautious Approach to Cryptocurrency

Amazon's stance on cryptocurrency has been a topic of much discussion, especially as other tech companies flirt with digital currencies.While Amazon invests in blockchain technology, it differentiates itself by currently avoiding the creation or adoption of cryptocurrency. Amazon maintains that it is too early to consider entering into the crypto space due to the current speculative nature. Facebook s crypto Libra continues to attract mixed feelings from the regulatory front. As the news of the newly launched Facebook coin Libra settles, many have startedThis position contrasts with the ambitions of projects like Facebook's Libra (later Diem), which aimed to create a global digital currency.So, what are the reasons behind Amazon's hesitation?

Focus on Stability and Utility

Patrick Gauthier, Vice President of Amazon Pay, articulated the company's perspective at Fortune's Brainstorm Finance conference. However, during an interview, Amazon Pay s VP Patrick Gauthier stated that Amazon does not plan to accept cryptocurrency since there is little demand. Considering that the majority ofHe stated that Amazon isn't interested in ""dealing in the speculative."" This suggests that Amazon prioritizes stability and proven utility over participating in the highly volatile crypto market. Do tariffs end up leading to lower interest rates, more liquidity, and ultimately a higher Bitcoin price?Drawing on @FedGuy12's analysis, @_dsencil breaks doThe company wants to ensure that any payment solution it offers is reliable and beneficial for its customers.

Lack of Widespread Demand

Gauthier also pointed to a perceived lack of widespread demand for cryptocurrency payments.While there's a passionate community of crypto enthusiasts, the mainstream adoption of cryptocurrency as a primary payment method remains limited.Amazon's strategy is likely driven by a desire to cater to the broadest possible customer base, and until crypto becomes more mainstream, it may not be a priority.

This doesn't mean Amazon is completely ignoring cryptocurrency.The company is closely monitoring the evolving landscape and considering its potential future role in the financial ecosystem. Amazon Invests in Blockchain, But Has So Far Avoided Crypto. Meanwhile, Amazon has not confirmed plans to hold cryptocurrency on its balance sheet. However, it offers a managed blockchain service through Amazon Web Services and has posted job listings for digital currency and blockchain experts.However, for now, they are content to observe and learn from the experiences of others.

The Shadow of Facebook's Libra (Diem)

The announcement of Facebook's Libra (later rebranded as Diem) in 2019 sent ripples through the financial world. Top cryptocurrency prices and charts, listed by market capitalization. Free access to current and historic data for Bitcoin and thousands of altcoins.The idea of a social media giant creating its own global currency raised both excitement and concerns.Ultimately, the project faced significant regulatory hurdles and was eventually abandoned.Amazon observed these challenges closely, which likely played a role in their cautious approach to crypto.

Regulatory Scrutiny

Libra faced intense scrutiny from regulators around the world, who raised concerns about its potential impact on monetary policy, financial stability, and data privacy. Pay in 4 is available to consumers upon approval for purchases of $30 to $1,500. Pay in 4 is currently not available to residents of MO or NV. Offer availability depends on the merchant and also may not be available for certain recurring, subscription services. When applying, a soft credit check may be needed, but will not affect your credit score.These concerns highlighted the regulatory complexities involved in launching a cryptocurrency, particularly one backed by a major corporation. Not anytime soon, said Patrick Gauthier, vice president of Amazon Pay, speaking at Fortune s inaugural Brainstorm Finance conference in Montauk, N.Y. on Wednesday. At Amazon, we don t reallyAmazon recognizes these challenges and is likely hesitant to enter a space fraught with regulatory uncertainty.

Public Perception and Trust

The controversy surrounding Libra also raised questions about public perception and trust.Many people were wary of entrusting their financial data to a company that had faced privacy scandals in the past.Amazon likely considered these concerns when evaluating its own potential entry into the crypto space.Maintaining customer trust is paramount, and launching a cryptocurrency could potentially damage that trust if not handled carefully.

Amazon's Investments in Blockchain Technology

While Amazon avoids cryptocurrency itself, it's important to note the company's significant investments in blockchain technology. Patrick Gaulthier, vice president of Amazon Pay, could not dodge the Libra question during a talk in the Brainstorm Finance 2025 forum, organized by Fortune magazine. The event took place on the 10th of June, but the video was only uploaded yesterday.Through Amazon Web Services (AWS), the company offers a managed blockchain service, allowing businesses to build and deploy blockchain applications.This demonstrates Amazon's belief in the underlying technology behind cryptocurrency, even if they are not currently embracing the digital assets themselves.

Amazon Managed Blockchain

Amazon Managed Blockchain simplifies the process of creating and managing blockchain networks.It supports popular blockchain frameworks like Hyperledger Fabric and Ethereum, enabling businesses to develop a wide range of applications, from supply chain management to identity verification.This service allows businesses to leverage the benefits of blockchain technology without having to manage the complexities of the underlying infrastructure.

Job Listings for Blockchain Experts

Amazon has also posted job listings for digital currency and blockchain experts, indicating that the company is actively exploring the potential applications of these technologies.These hires will likely be involved in developing new blockchain-based solutions and evaluating the feasibility of incorporating cryptocurrency into Amazon's existing services.This proactive approach ensures that Amazon remains at the forefront of technological innovation.

Amazon Pay: Current Functionality and Future Possibilities

Amazon Pay is an online payment service that allows customers to use their Amazon accounts to pay for purchases on third-party websites and apps.It provides a convenient and secure checkout experience, leveraging the trust and security associated with the Amazon brand. Amazon's public interest in cryptocurrency as a payment method is a sharp turn from its position in 2025, when Amazon Pay VP Patrick Gauthier told CNBC the company had no plans to acceptWhile Amazon Pay doesn't currently support cryptocurrency payments, it's worth considering how it could potentially integrate with digital assets in the future.

How Amazon Pay Works

Amazon Pay simplifies the online checkout process by allowing customers to use their existing Amazon login and payment information.This eliminates the need to create new accounts or enter credit card details on multiple websites. Vice President of Amazon Pay says, Amazon is for now not considering following in the footsteps of Facebook in the creation of its own cryptocurrency.Amazon Pay also offers buyer protection, ensuring that customers are protected against fraud and unauthorized transactions.

Potential Future Integration with Crypto

While there are no current plans to integrate cryptocurrency into Amazon Pay, it's not impossible to imagine such a scenario in the future.If cryptocurrency adoption becomes more widespread, Amazon Pay could potentially add support for digital assets, allowing customers to pay for purchases using Bitcoin, Ethereum, or other cryptocurrencies. Nos Estados Unidos, o Comit Banc rio do Senado realizar uma audi ncia dedicada sobre a criptomoeda no m s que vem, informou o Cointelegraph. A Amazon at agora evitou a implementa o daThis would provide customers with more payment options and potentially attract a new segment of users to the Amazon ecosystem.

The Speculative Nature of Cryptocurrency: A Major Concern

Amazon's hesitance towards cryptocurrency is largely driven by its speculative nature.Cryptocurrency prices are notoriously volatile, making them a risky investment and a potentially unstable form of payment. Binance is the world's leading cryptocurrency exchange, catering to over 270 million registered users in over 180 countries. With low fees and over 400 cryptocurrencies to trade, Binance is the preferred exchange to trade Bitcoin, Altcoins, and other virtual assets.Amazon, as a company that values reliability and predictability, is understandably wary of associating itself with such a volatile asset class.

Price Volatility and Risk

The extreme price fluctuations of cryptocurrencies can make them unsuitable for everyday transactions. En su intervenci n en el evento Brainstorm Finance 2025 de Fortune, Patrick Gaulthier, vicepresidente de Amazon Pay, dijo que el tipo de sistema de transferencia de valor que Facebook dio aImagine buying a product on Amazon with Bitcoin, only to see the value of Bitcoin plummet shortly after the purchase. Amazon Pay is an online payment service that makes checkout on your site fast and secure for hundreds of millions of Amazon customers around the world.This could leave both the buyer and the seller feeling uncertain and vulnerable.Amazon aims to provide a stable and predictable shopping experience, and cryptocurrency's volatility undermines that goal.

Long-Term Viability and Uncertainty

The long-term viability of many cryptocurrencies is also uncertain. In our Buy Crypto With Amazon Pay review we breakdown the pros and cons of crypto exchanges and Amazon Pay. What Amazon Pay crypto exchanges are able to offer and much more. We explain Amazon Pay crypto exchange trading fees, security and what to look out for when buying and selling on a crypto exchange in the Amazon Pay.While Bitcoin and Ethereum have established themselves as leading digital assets, many other cryptocurrencies are relatively new and unproven.Amazon needs to be confident that any payment method it adopts will be sustainable in the long run. 🚨MASSIVE SIGNAL: The anti-crypto era is officially ending🚨🔹BitMEX founder @CryptoHayes: Pardoned🔹Hawk Tuah Girl s token: SEC dropped the case🔹FDIC rulesGiven the high failure rate of new cryptocurrencies, Amazon is likely waiting to see which digital assets will stand the test of time.

Alternative Payment Solutions and Amazon's Strategy

Amazon offers a variety of payment options to its customers, including credit cards, debit cards, gift cards, and its ""Pay in 4"" option, allowing customers to split purchases into four interest-free installments.This diverse range of payment solutions caters to a wide range of customer preferences and needs.The company continuously evaluates new payment technologies and options, but only adopts those that meet its stringent criteria for security, reliability, and customer value.

Amazon Pay in 4

The ""Pay in 4"" option provides customers with a flexible way to manage their purchases. Amazon would only consider discussing the creation of its own cryptocurrency like Facebook s Libra in several years time, a senior executive said at a conference on June 10.It allows them to spread the cost of a purchase over four equal installments, without incurring any interest charges.This can be a useful tool for managing budgets and making larger purchases more affordable.The availability of ""Pay in 4"" depends on the merchant and may not be available for certain recurring or subscription services.

Continuous Evaluation of New Technologies

Amazon is constantly exploring new technologies and payment methods, including blockchain-based solutions.The company's approach is to carefully evaluate the potential benefits and risks of each technology before making any decisions about adoption.This ensures that Amazon remains at the forefront of innovation while also protecting its customers and its business.

The Future of Amazon and Cryptocurrency

While Amazon currently has no plans to create its own cryptocurrency or integrate existing digital assets into Amazon Pay, the future remains uncertain.The cryptocurrency landscape is constantly evolving, and Amazon may eventually change its stance as the technology matures and adoption becomes more widespread.The key will be finding a way to integrate cryptocurrency in a way that is secure, reliable, and beneficial for both customers and the company.

Potential Scenarios for Future Integration

Here are a few potential scenarios for how Amazon could integrate cryptocurrency in the future:

• Accepting Bitcoin as Payment: Amazon could begin accepting Bitcoin as payment for purchases on its website.This would attract a new segment of customers and potentially boost sales.
• Launching a Stablecoin: Amazon could launch its own stablecoin, a cryptocurrency pegged to a stable asset like the US dollar.This would provide a more stable and predictable form of payment than traditional cryptocurrencies.
• Integrating with Existing Crypto Wallets: Amazon Pay could integrate with existing crypto wallets, allowing customers to pay for purchases using their preferred digital assets.

Monitoring Regulatory Developments

Amazon will also be closely monitoring regulatory developments in the cryptocurrency space.As regulations become clearer and more consistent, it may become easier for Amazon to incorporate cryptocurrency into its business model.The company will likely wait for greater regulatory clarity before making any major decisions about cryptocurrency integration.

Conclusion: A Wait-and-See Approach

In conclusion, while the allure of cryptocurrency continues to captivate many, Amazon remains steadfast in its cautious approach.The statements from Amazon Pay VP Patrick Gauthier clearly indicate that the company has no current plans to create its own cryptocurrency, emphasizing a reluctance to engage in what they perceive as speculative ventures.This decision reflects a broader corporate strategy focused on stability, proven utility, and customer trust.The volatile nature of cryptocurrency prices, the regulatory uncertainties, and the perceived lack of mainstream demand are all factors contributing to Amazon's current stance.

While Amazon invests in blockchain technology through Amazon Web Services, offering managed blockchain services, this is distinct from embracing cryptocurrency as a payment method.The company continuously evaluates new technologies and payment options, but prioritizes solutions that are secure, reliable, and beneficial for its vast customer base.The future of Amazon and cryptocurrency remains open, but for now, Amazon's approach is best described as a ""wait-and-see"" strategy, closely monitoring developments and regulatory changes before considering any significant shift in its position on digital assets.This measured approach underscores the complexities and challenges that large corporations face when navigating the rapidly evolving world of cryptocurrency.It remains to be seen if and when Amazon will fully embrace digital currencies, but for now, speculation remains at bay, replaced by a focus on stability and the needs of its global customer base.The key takeaway is that Amazon is prioritizing stability and proven utility over speculation.