According to its CEO Jamie Iannone, the online shopping platform eBay should soon accept cryptomoney as a payment method. A logical move after the integration of non-fungible tokens (NFTs) last May?
eBay may soon accept cryptocurrencies
The famous online trading platform eBay would be studying closely the possibility of accepting cryptocurrencies, according to its CEO Jamie Lannone.
Indeed, in an interview granted to our colleagues of TheStreet, he explains that the platform wants to continue to diversify its offer of means of payment by focusing mainly on the generation Z (people born between 1997 and 2010).
After the success of trading non-fungible tokens (NFTs) with this segment of the population, the CEO therefore wants to move closer to cryptocurrencies. As such, the company is expected to make an announcement on March 10:
“We do not currently accept cryptocurrencies. But on March 10, we’re going to go deeper into all these things, payments, advertising and our target audiences.”
In the same way that the platform has been known as a go-to place in the peer-to-peer exchange space for a while, the transition to digital items should follow the same trajectory:
“eBay will be the place where people trade goods, whether they’re physical or digital. So, over time, you know, we want that to be the marketplace for sustainability.”
The company had already taken its first step into the world of digital commerce by introducing NFTs on its site in May 2021. However, this is a framed marketplace with a specific sales policy, in an environment where nationally recognized platforms are still groping their way forward.
If eBay decides to accept cryptocurrencies as a payment method, a small revolution could take place in online commerce, and other platforms could be quickly tempted to follow suit.