eBay reported to accept cryptocurrency payments soon

eBay reported to accept cryptocurrency payments soon

Tech News: eBay reported to accept cryptocurrency payments soon.

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

eBay, which has around 190 million users worldwide, has long been popular for its online auctions, but has diversified significantly in recent years to embrace pure ecommerce, with sellers and small and medium-sized businesses alike. have created dedicated online stores on the site.

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

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

Online payment giant Visa also recently suggested it would soon allow customers to send and receive money using the USD Coin cryptocurrency, and carmaker Tesla announced it will begin accepting bitcoin payments for its cars, although the company will keep bitcoin. rather than converting it into fiat currency.

eBay also suggested looking into ways to add non-fungible token sale (NFT) to 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 NFTs on eBay in an easy way,” Jamie Iannone, CEO of eBay, told CNBC in an interview.