Ebay exploring with crypto payment options and NFT auctions

American e-commerce corporation eBay will be pursuing crypto payment options for its customers alongside exploring ways to introduce NFTs on the platform.

Ebay exploring with crypto payment options and NFT auctions

The eBay CEO Jamie Iannone said in an interview with CNBC today, that the company will "continue to look'' to provide payment options like crypto. he said eBay will be "exploring opportunities'' to enable 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,” Jamie said. “That’s what we’re seeing in areas like NFT, which we’re looking at how we can explore that better.”

The CEO said parts of NFTs were already transacting on eBay but the platform had not yet simplified the process for users. Several users were also able to list Bitcoin for sale on the platform seemingly without eBay specifically sanctioning such functionality.

Executives at the online marketplace have previously signaled that eBay could adopt the crypto and accept it as a form of payments. A senior vice president three years ago, at the firm said eBay was "seriously considering" to integrate BTC into its platform as a payment method.

The platform also collaborated  with payment giant 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.

What's Your Reaction?

like
0
dislike
0
love
0
funny
1
angry
0
sad
0
wow
0