eBay reported that it will accept cryptocurrency payments soon

eBay reported that it will accept cryptocurrency payments soon

E-commerce giant eBay has revealed that it is open to the idea of ​​accepting payments with cryptocurrencies such as Bitcoin on its site. “We are always looking for the most relevant forms of payment and will continue to evaluate it in the future. We have no immediate plans, but (the cryptocurrency) is something that we are keeping an eye on, ”eBay told Reuters.

eBay, which has about 190 million users worldwide, has long been popular for its online auctions, but has diversified significantly in recent years to embrace pure e-commerce, with sellers and small and medium-sized businesses that they establish dedicated online stores on the site. .

The news marks another potential milestone for cryptocurrencies, which have grown enormously in stature and influence in recent years.

Earlier this year, former eBay partner PayPal announced plans to allow buyers in the US to spend their cryptocurrency to make payments on online purchases. Customers will be able to convert their bitcoin cash or litecoin into fiat currency in PayPal digital wallets to pay for their purchases at checkout.

Online payments giant Visa also recently suggested that it would soon allow customers to send and receive money using the cryptocurrency USD currency, and automaker Tesla has announced that it will start accepting bitcoin payments for its cars, although the company will you will be left with bitcoin, rather than converting it to fiat currency.

eBay also suggested that it would look for ways to add non-fungible token sale (NFT) on its platform. The strangely popular practice allows buyers to “own” a work of art or digital content, but it has been ridiculed around the world for its lack of protection and legitimacy of ownership.

“We are exploring the possibilities of enabling NFT on eBay in a simple way,” eBay CEO Jamie Iannone told CNBC in an interview.

News Highlights

eBay reported that it will accept cryptocurrency payments soon

Source: Compsmag.com, Twiter

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