eBay to add crypto payment options soon, says CEO

Major e-commerce marketplace eBay could integrate crypto payments soon, said CEO Jamie Iannone successful a caller interview.

The net marketplace is among the oldest e-commerce platforms, present looking to go the go-to level for Gen Z and Millennials. The CEO said successful an interview with The Street that the steadfast is looking to integrate crypto outgo options for rather immoderate clip and an authoritative announcement could beryllium made during the upcoming investor’s time connected March 10.

During his interview, Iannone revealed that the e-commerce elephantine is looking to modulation to caller payments modes arsenic they are already managing $85 cardinal of measurement connected its level directly.

Related: EBay Denies Rumors It Will Start Accepting Crypto, Despite Advertising astatine Crypto Event

Talking astir eBay’s stance connected emerging exertion specified arsenic blockchain and cryptocurrencies, Iannone pointed toward the increasing popularity of nonfungible tokens trading connected its platform without making immoderate authoritative announcement regarding the same.

Iannone said that the institution changed its policies past twelvemonth to marque the e-commerce level a spot to bargain and merchantability thing beryllium it a carnal oregon integer commodity. eBay didn’t respond to Cointelegraph’s petition for comments astatine publishing time.

The emergence successful popularity and request for cryptocurrencies has made respective online platforms adhd crypto payments options. eBay, with its absorption connected capturing Millennial and Gen Z customers, aims to bash the same. However, it won’t beryllium the company’s archetypal effort astatine crypto payments — eBay archetypal tried integrating BTC payments successful 2014.

As Cointelegraph reported in May 2021, eBay was exploring Bitcoin outgo integration past twelvemonth arsenic good on with NFT trading. The crypto outgo integration program present seems to beryllium adjacent finalized arsenic crypto has go mainstream and much acceptable among the masses.