eBay is considering becoming the primary marketplace for all things digital, e-commerce marketplace eBay is likely on its way to accepting digital currency payments on its platform.
As reported by TheStreet, who interviewed the company’s Chief Executive Officer, Jamie Iannone, the plan has neither been confirmed nor refuted by the trading marketplace. However, there is a confirmation that some revelations are going to be revealed on March 10, the company dedicates its investors.
Moreover, Iannone is keen on making eBay the go-to marketplace for everything. He wants to make this platform accessible for both physical and digital objects. The physical objects are already featuring prominently on the platform. Also, the CEO noted that a number of digital assets, especially Non-Fungible Tokens (NFTs), are already will be traded on the eCommerce marketplace.
Ebay’s CEO Statement
He added:
“So even without announcing anything or doing anything, people started trading NFT on a platform,” Iannone continued. “It reminded me of many years ago when people just started selling cars when we didn’t even have a vehicle business at that point. So we’re seeing the same type of thing [with NFT].”
Furthermore, in a bid to better serve the customers. It is more likely to utilize this relatively unpopular technology to conduct transactions. In addition, eBay believes exploring as many alternative sources of payment processing is now imperative more than ever.
In addition, digital currencies are becoming increasingly popular by the day. While they are best as a means of payment, worldwide. Also, Regulatory restrictions have often made these assets operate almost entirely in the shadows. Therefore, hampering their bid to journey unto mainstream adoption. This, coupled with their high volatility, has made e-commerce platforms avoid accepting payments in cryptocurrencies.
Speaking of the online marketplace, we’ve seen a limited number of mainstream supermarkets or e-commerce outfits. They are already changing their minds about crypto payments. Konzum, one of the biggest supermarket chains in Croatia, is one of the welcoming outfits that accepts Bitcoin payments, and should eBay pull through with the assumption of adding crypto payments. It will join the list of pioneering marketplaces to do so.
