Ebay CEO Talks NFTs and Crypto, Exec Says Company Continues to ‘Evaluate Other Forms of Payments’

The president and main enforcement serviceman of Ebay, Jamie Iannone, discussed the anticipation of integer currency acceptance connected the online auction website and non-fungible token (NFT) income successful a caller interrogation published connected February 27. Iannone stressed that currently, Ebay doesn’t judge cryptocurrencies but successful March, the institution plans to spell “deeper connected each of these things, payments, advertising, our absorption categories.”

Ebay CEO Jamie Iannone: ‘Without Any Official Announcement, People Started Trading NFTs connected the Platform’

There are a fewer online concern giants specified arsenic Amazon and Ebay, that crypto supporters anticipation someday whitethorn enactment cryptocurrency payments successful the future. Ebay has been the taxable of speech for years arsenic crypto advocates judge integer assets and the online auction level would payment each different a large deal. On May 11, 2021, Bitcoin.com News reported connected Ebay allowing NFT income connected the auction site. During his interview with The Street, Ebay CEO Jamie Iannone explained that the NFT income simply materialized without overmuch thought.

“We did alteration our policies past twelvemonth truthful that you could commercialized NFT connected the level and essentially, you know, Ebay is simply a spot wherever radical person thing to merchantability and radical person thing by amusement up,” Iannone said. “Even without announcing thing oregon doing anything, radical started trading NFTs connected the platform. It reminded maine of galore years agone erstwhile radical conscionable started selling cars erstwhile we didn’t adjacent person a conveyance concern astatine that point. So we’re seeing the aforesaid benignant of thing,” the Ebay enforcement said.

Ebay to Look ‘Deeper’ Into Alternative Payments successful March

The Ebay CEO’s interrogation past turned to integer currency acceptance and Iannone highlighted that the institution continues to “evaluate different forms of payments that we should instrumentality connected the platform.” Iannone elaborate that the institution has a absorption connected the younker and trends similar the collectible sneaker industry. After being questioned astir crypto acceptance, Iannone remarked that “[Ebay is] not accepting crypto currently.” However, the auction website CEO added:

On March 10, we’re going to spell deeper connected each of these things, payments, advertising, our absorption categories.

Ebay continues to beryllium a elephantine successful the satellite of online income with $10.27 cardinal successful gross recorded successful 2020. The gross is ample but overmuch smaller than the $386.1 cardinal Amazon raked successful that year. Iannone concluded that Ebay volition proceed to beryllium a salient concern wherever radical speech goods online. “Ebay volition beryllium the spot wherever radical commercialized goods, whether they beryllium carnal oregon digital,” Iannone explained. “So implicit time, you know, we privation this to beryllium the marketplace for sustainability.”

What bash you deliberation of the Ebay CEO’s caller comments astir NFTs and evaluating different forms of payments? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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