Ebay exploring crypto payment options and NFT auctions
Ebay exploring crypto payment options and NFT auctions
Brylant 4th, May 2021 (3 days ago)
News
According to CEO Jamie Iannone, eBay will be "exploring opportunities" to enable nonfungible tokens.
According to CEO Jamie Iannone, eBay will be "exploring opportunities" to enable nonfungible tokens.
Major online marketplace eBay will be pursuing crypto payment options for its customers along with exploring ways to introduce nonfungible tokens on the platform.
In an interview with CNBC today, eBay CEO Jamie Iannone said the company will "continue to look" at payment options like crypto. In addition, he said eBay will be "exploring opportunities" to enable nonfungible tokens, or NFTs, on the platform "in an easy way," comparing the digital offerings to collectibles.
“One of the great things about eBay is when there’s a new trend, it just shows up on eBay,” said Iannone. “That’s what we’re seeing in areas like NFT, which we’re looking at how can we explore that better.”
The CEO said parts of NFTs were "already transacting" on the platform now but eBay had not yet simplified the process for buyers and sellers. Some users are also able to list Bitcoin (BTC) for sale on the platform seemingly without eBay specifically sanctioning such auctions.
Executives at the online marketplace have previously hinted that eBay could be open to accepting crypto payments. Three years ago, a senior vice president at the firm said eBay was "seriously considering" integrating BTC into its platform as a payment method.
The platform also partnered with PayPal to facilitate payments prior to the payments provider announcing it would allow crypto trading last year. The firm is slowly transitioning from using PayPal to e-commerce firm Adyen. As of the first quarter of 2021, eBay has roughly 187 million active buyers.
Share:
twitter facebook linkedin reddit
1
0
$ 0
TIP
0 CBY
0 BNB
You MUST be logged in to like, dislike and comment on this post
Featured
cberry
16 Dec
9 0 $0.933312
cberry
03 Dec
50 0 $1.42
Trending
US needs to take leadership on central bank digital currencies: former CFTC chair
Brylant
03 May
1 0 $0
Will Elon Musk’s ‘SNL’ Appearance Send Dogecoin to the Moon? Curb Your Enthusiasm
Brylant
06 May
1 0 $0
Highest Earning
US needs to take leadership on central bank digital currencies: former CFTC chair
Brylant
03 May
1 0 $0
Will Elon Musk’s ‘SNL’ Appearance Send Dogecoin to the Moon? Curb Your Enthusiasm
Brylant
06 May
1 0 $0
US needs to take leadership on central bank digital currencies: former CFTC chair
Brylant
03 May
1 0 $0
Will Elon Musk’s ‘SNL’ Appearance Send Dogecoin to the Moon? Curb Your Enthusiasm
Brylant
06 May
1 0 $0
US needs to take leadership on central bank digital currencies: former CFTC chair
Brylant
03 May
1 0 $0
Will Elon Musk’s ‘SNL’ Appearance Send Dogecoin to the Moon? Curb Your Enthusiasm
Brylant
06 May
1 0 $0