Major e-commerce marketplace eBay will soon be adding crypto payments, according to CEO Jamie Iannone in a recent interview.
eBay is one of the oldest ecommerce platforms. It is now looking to become an accessible platform for Gen Z and Gen Y people. sayIn an interview with The Street, the company has been looking to integrate crypto payment options for some time. An official announcement could be made during the upcoming “investor day” on March 10.
During the interview, Iannone revealed that the e-commerce giant Looking to switch to a new payment mode? They have over $85 billion in direct trading volume on the platform.
Talking about eBay’s stance on emerging technologies such as blockchain and cryptocurrencies, Iannone pointed to the growing popularity of NFT token trading on its platform without an official announcement on the matter. this
Iannone said the company changed its policy last year. to make the ecommerce platform a place to buy and sell just about anything. whether it is a tangible product or a digital product
The growing popularity and demand for cryptocurrencies As a result, many online platforms have decided to add crypto payment options, and eBay, focused on attracting Gen Y and Gen Z customers, aims to do the same. However, this is not the company’s first attempt to settle. Money With Crypto — Because eBay TriestogetherFirst BTC payment in 2014
In May 2021, eBay explored adding Bitcoin payments alongside NFT trading, with the new payment integration plans now seemingly nearing completion. Because crypto has become mainstream and accepted by the masses.
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