Ebay is taking a look at cryptocurrency as a fee choice for its 187 million consumers on the platform, the corporate’s CEO has revealed. The e-commerce big can be exploring alternatives within the non-fungible token (NFT) enterprise.
Ebay Wanting Into Including Cryptocurrency as Fee Choice
Ebay CEO Jamie Iannone stated in a CNBC interview on Monday that the corporate is taking a look at accepting cryptocurrency as a fee choice.
He was requested about how Ebay is responding to the rise in reputation and adoption of bitcoin and different cryptocurrencies. The CEO replied:
We’re increasing the kinds of funds that we take. We now take Apple Pay and Google Pay. Extra alternative for consumers … We are going to proceed to take a look at different choices, like cryptocurrency.
He added: “One of many nice issues about Ebay is that when there’s a new pattern, it simply reveals up on Ebay. That’s what we’re seeing in areas like NFTs [non-fungible tokens], which we’re taking a look at how we will discover that higher.” He additionally famous that Ebay has “187 million consumers on the platform,” which was reported within the firm’s Q1 earnings launch.
Iannone was additionally particularly requested, “Does that imply you might be entering into the NFT enterprise?” He replied:
We’re taking a look at it and exploring alternatives on how we will allow it on Ebay in a straightforward means.
Paypal was Ebay’s subsidiary till 2015 when the corporate spun off the funds big to its shareholders. Paypal launched its crypto service final yr and enabled crypto payments at tens of millions of shops in March. Just lately allow Venmo app customers to purchase, promote, and maintain choose cryptocurrencies.
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