Select Page

eBay could add a crypto payment option, says CEO

eBay could add a crypto payment option, says CEO
This article is added for educational purpose only. All credit goes to the respected author of this article. All In One Crypto App do not hold any liabilities of this article. You can get the source link at the end of the article content.

Leading e-commerce platform eBay could add a cryptocurrency payment option and is exploring ways to enter the NFT business

Cryptocurrencies have gained huge adoption over the past year, with leading companies such as Tesla and TIME magazine accepting cryptos as payment for their goods and services. Popular e-commerce platform eBay could soon join the list as the CEO revealed that they are considering adding crypto payment options.

In an interview with CNBC yesterday, eBay Chief Executive Officer Jamie Lannone said accepting cryptocurrencies as a payment option the company is currently looking at. The move would allow eBay customers to pay for goods on the platform using Bitcoin and a few other cryptocurrencies.

In a statement to Reuters, eBay, said “We are always looking at the most relevant forms of payment and will continue to assess that going forward. We have no immediate plans, but [cryptocurrency] is something we are keeping an eye on.”

The e-commerce company is yet to decide whether it will adopt the payment option or when it intends to do so. eBay’s focus is on nonfungible tokens (NFTs). They have become popular in the arts and entertainment world in recent months, with several companies entering the market.

eBay’s CEO said they are vigorously exploring ways to enter the NFT business since they have always been committed to collectibles. He told CNBC that “We’re exploring opportunities on how we can enable [NFTs] on eBay in an easy way. Everything that’s collectible has been on eBay for decades and will continue to be for the next few decades.”

NFTs have attracted a lot of attention, with popular figures in sports, music, film, and the art world launching and selling their collections. Some media companies such as TIME magazine, Forbes, and Christie’s auction house have dabbled in NFTs in recent months.

The post eBay could add a crypto payment option, says CEO appeared first on Coin Journal.


Source: Coin Journal


All In One Crypto App presents a unique dynamic crypto course that allows you to become a profitable and successful trader.

Download Now

Don't forget to share your review/suggestions for android app.

All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own here