eBay may accept cryptocurrency for its 187 million buyers

eBay

This is big! Ecommerce giant eBay is looking at cryptocurrency as a payment option for some 187 million buyers on its platform, the company CEO has revealed. It is also exploring opportunities in the NFT space.

Jamie Iannone, eBay CEO, revealed this in an interview on Monday with CNBC, confirming that the company is looking at accepting digital currencies like Bitcoin and more as payment.

eBay Logo

When asked about how the company is responding to the rise in popularity and adoption of these cryptocurrencies, he replied:

“We are expanding the types of payments that we take. We now take Apple Pay and Google Pay. More choice for buyers … We will continue to look at other options, like cryptocurrency.”

He further added that one of the great things about eBay is that when there is a new trend, it shows up on the platform. That is the reason why the company is exploring areas like non-fungible tokens, and seeing how it can add these assets to its platform.

And when specifically asked that whether eBay is getting into the NFT business, Jamie confirmed that the company is looking at ways to enable it on the platform in an easy way.

Of course, you may be aware that PayPal was an eBay subsidiary until 2015, when the company spun off the payment giant to its shareholders.

PayPal has been making some big moves in the crypto space, enabling payments at millions of stores in March, and also allowed Venmo users to buy, sell, and hold cryptocurrencies.

eBay jumping in the game simply makes sense.


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