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The company’s CEO revealed that Ebay is using cryptocurrency as a payment option for its 187 million buyers on the platform. The e-commerce giant is also exploring opportunities in the non-fungible token (NFT) business.
Ebay CEO Jamie Iannone said in an interview with CNBC on Monday that the company is considering accepting cryptocurrency as a payment method.
Someone asked him about how eBay responded to the popularity and popularity of Bitcoin and other cryptocurrencies. The CEO answered:
We are expanding the types of payments we collect. Now, we use Apple Pay and Google Pay. More options for buyers…We will continue to look for other options, such as cryptocurrency.
He added: “One of the advantages of Ebay is that when new trends emerge, it will show up on Ebay. This is what we see in areas such as NFT [non-fungible tokens], We are studying how to better explore. He also pointed out that Ebay reported “187 million buyers on the platform” in the platform’s first quarter earnings report.
He also asked Iannone specifically: “Does this mean you are getting involved in the NFT business?” He replied:
We are studying it and exploring how to easily implement it on Ebay.
Paypal is a subsidiary of Ebay until 2015 when the company split the payment giant to its shareholders. Paypal launched its encryption service last year and enabled encrypted payments in millions of stores in March. Recently, Venmo app users can buy, sell and hold selected cryptocurrencies.
What do you think of Ebay accepting Bitcoin? Let us know in the comments section below.
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