Stock Groups

E-commerce Giant eBay Now Allows NFT Sales and is Poised to Accept Crypto Soon -Breaking

by Mike Robinson

[ad_1]

eBay is now allowing NFT sales, and it’s poised to accept cryptocurrency soon

During an interview Monday with TheStreet.com, Jamie Iannone – the CEO of e-commerce giant eBay (NASDAQ:) – said the online retailer is exploring the possibility of accepting cryptocurrencies as a means of payment. He also stated that the company quietly changed its policy regarding the sale of non-fungible tokens (NFTs), allowing them to be bought and sold using traditional payment methods such as PayPal (NASDAQ:), credit cards, and debit cards – since last year.

“We did change our policies last year so that you could trade NFTs on the platform and essentially, you know, eBay is a place where people have something to sell and people have something [to] buy show up,” said Iannaone in the media report. “So even without announcing anything or doing anything, people started trading NFTs on a platform. It reminded me of many years ago when people just started selling cars when we didn’t even have a vehicle business at that point. So we’re seeing the same type of thing [with NFTs].”

However, Iannone said the platform does not currently accept any type of cryptocurrency as a payment option for the $85 billion in sales it facilitates every year in the form of its auctions or “Buy It Now” purchases. But, Iannone said eBay made major changes to manage its own payment system.

“This gives us the ability to open up new forms of payment. We have opened Google (NASDAQ) Pay as well Apple (NASDAQ) Pay. We have a partnership with Afterpay in Australia, which is a platform that appeals to Gen Z, and that is a buy now pay later platform on the marketplace,” Iannone said in the article. “We’re not accepting crypto currently, but on March 10, we’re going to go deeper on all of these things, payments, advertising, our focus categories.”

Crypto enthusiasts, mark this date on your calendars. If a prominent online e-commerce leader like eBay accepts cryptocurrency, it will be a significant milestone in mass adoption of cryptocurrencies.

EMAIL NEWSLETTER

Get the other side of crypto!

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7]
With just one click, you can unsubscribe at any time.

Continue reading on DailyCoin

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]