auction web sites Contemplates Adding Crypto Transaction Option on its System

Main online marketing platform eBay has revealed that it is considering accepting cryptocurrency as a payment method while also exploring the non-fungible tokens (NFT) industry.

eBay Mulling Adding Crypto Payment Choice

Speaking in a CNBC job interview on Monday (May 3, 2021), auction web sites CEO Jamie Iannone stated that the e-commerce giant is definitely looking at adding other payment options such as cryptocurrency. While Iannone does not say once the company would start recognizing crypto payment on its platform, nor does this individual mention the exact cryptocurrency asset it would accept, a statement from eBay indicates that it was in no hurry to allow the crypto payment choice.

“ We are always looking at the most relevant forms of payment and will continue to assess that going forward. We have no immediate programs, but it (cryptocurrency) is something we are keeping an eye on. ”

Indeed, the crypto industry has observed an increased level of mainstream usage from major companies. In recent times, a number of major firms possess started accepting bitcoin as well as other digital assets as a transaction method.

Because previously reported by CryptoPotato back in March, electric automobile manufacturer Tesla announced that clients could pay for its products along with bitcoin. Major wine seller Acker announced in April that it was adding bitcoin, ether, bitcoin cash, and dogecoin as payment options.

WeWork, a major flexible workspace provider, also joined the list of companies to enable crypto payment on its platform. At the beginning of Might, the U. S. meals chain giant Landry’ s i9000 revealed that it would soon start to accept BTC payment.

Even PayPal, eBay’ s former additional, announced it would soon launch a crypto checkout service . The brand new service would allow customers to make use of cryptocurrencies such as BTC, ETH, BCH, and LTC to create purchases across millions of vendors supported by the payment processor chip giant.

NFT on eBay, Perhaps?

The eBay CEO also said that the company has been exploring the NFT field. According to Iannone:

“ One of the advantages of eBay is that when there is a new trend it just comes up on eBay. That’ s i9000 what we are seeing in areas like NFT, which usually we are looking at how can all of us explore that better, mainly because eBay is really known as the place to transact goods. ”

He further commented on the company’ s plans regarding the NFT room, stating:

“ We are looking at it and exploring opportunities for how we can enable this on eBay in an simple way. When you think about collectibles, everything that is really collectible has been known eBay for decades and can continue to be for the next few decades. ”

NFTs gained huge popularity in 2021, along with various famous people and even the New York Stock Exchange (NYSE) hopping on the NFT bandwagon. However , the NFT mania appears to be dwindling , with Google searches shedding, as reported by CryptoPotato back in April.

Post Author: blockchain

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