eBay to look ‘deeper’ Into alternative payments such as NFTs, crypto on March 10
eBay president and CEO Jamie Iannone discussed the possibility of the company accepting digital currency on the online auction website and non-fungible token (NFT) sales on March 10.
The company doesn’t accept cryptocurrencies but plans to go “deeper on all of these things, payments, advertising, our focus categories”.
Crypto supporters hope someday that online business giants such as Amazon and eBay may support cryptocurrency payments in the future.
Advocates believe digital assets and eBay would benefit each other a great deal.
Iannone noted that the company change its policies last year so clients could trade NFT on the platform and essentially.
He added that even without announcing anything, people started trading NFTs on the platform. It reminded him of many years ago when people just started selling cars when we didn’t even have a vehicle business at that point.
Iannone revealed that the firm places a premium on trends like the collectible sneaker business, as well as youth.
eBay has retained an enormous position in the world of internet commerce, generating $10.27 billion in revenue in 2020. The revenue is significant, but it is dwarfed by Amazon's $386.1 billion hauls that year. Iannone predicted that eBay will remain a major business where individuals exchange items online.