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eBay may soon add cryptocurrency payment options

REUTERS/Dado Ruvic/Illustration

In a recent interview, eBay CEO Jamie Iannone stated that the company may soon embrace crypto payments.

The online marketplace is one of the oldest e-commerce platforms, and it is currently vying to become the platform of choice for Generation Z and Millennials.

In an interview with The Street, the CEO stated that the company has been working to integrate cryptocurrency payment methods for some time, and that an official announcement might be made during the forthcoming investor day on March 10.

During his interview, Iannone said that Ebay is aiming to move to new payment methods, despite the fact that it now manages 85 billion $ in volume directly on its platform.

While eBay has never made an official announcement that it’s embraced the NFT side of the crypto economy, the platform has, however, been accommodating the buying and selling of “digital commodities” since May 2021.

Back in 2013, when the world's first cryptocurrency was still in its infancy, the groundbreaking internet startup, which was launched in September 1995, flirted with the concept of taking Bitcoin.

There was considerable anticipation that eBay may begin accepting cryptocurrency in 2019, but the corporation quickly debunked the claims.

Following significant speculative interest in the emerging crypto market, the online auction house finally said that it was seriously contemplating allowing crypto payments.