eBay to add crypto payment options soon, says CEO
The e-commerce giant aims to become the marketplace for Millennials and Gen Z, and given their rising interests in crypto, add new payment options to lure in the customer base. Major e-commerce marketplace eBay could integrate crypto payments soon, said CEO Jamie Iannone in a recent interview.The internet marketplace is among the oldest e-commerce platforms, now looking to become the go-to platform for Gen Z and Millennials. The CEO said in an interview with The Street that the firm is looking to integrate crypto payment options for quite some time and an official announcement could be....
Related News
According to CEO Jamie Iannone, eBay will be “looking at it and exploring opportunities” to enable nonfungible tokens. Major online marketplace eBay will be pursuing crypto payment options for its customers as well as exploring ways to introduce nonfungible tokens to the platform.In an interview with CNBC today, eBay CEO Jamie Iannone said the company would “continue to look” at payment options like crypto. In addition, eBay will be “looking at it and exploring opportunities” to enable nonfungible tokens, or NFTs, on the platform “in an easy way,” comparing the digital offerings to....
A representative said that eBay "will add new capabilities that bring blockchain-driven collectibles" to the platform. Online marketplace eBay has introduced auctions for nonfungible tokens to its platform.According to a Reuters report, eBay users who meet certain criteria on the platform will be permitted to list nonfungible tokens, or NFTs. The company added that it would expand its policies and tools surrounding digital collectibles in the future."In the coming months, eBay will add new capabilities that bring blockchain-driven collectibles to our platform," said eBay's North America....
Ebay is looking at cryptocurrency as a payment option for its 187 million buyers on the platform, the company’s CEO has revealed. The e-commerce giant is also exploring opportunities in the non-fungible token (NFT) business. Ebay Looking Into Adding Cryptocurrency as Payment Option Ebay CEO Jamie Iannone said in a CNBC interview on Monday that the company is looking at accepting cryptocurrency as a payment option. He was asked about how Ebay is responding to the rise in popularity and adoption of bitcoin and other cryptocurrencies. The CEO replied: We are expanding the types of....
On Tuesday, Andy Shroder posted on Reddit that eBay Inc. had removed his merchant listing because he accepted bitcoin for his products. The auction website told Schroder, a solar energy researcher and solar panel manufacturer, that bitcoin does not qualify as a payment method due to “two key factors” — security and safety, and ease of use. EBay sent Schroder an email saying: "Please understand that you mentioned you accept ‘Bitcoin’ as a method of payment. Some online payment companies are fairly new and inexperienced and they do not provide sufficient fraud protection to members. When we....
An eBay merchant, recently took Reddit to convey his "sad" experience with the e-commerce company, stating that his product listings were removed because he accepted digital currency Bitcoin as one of the payment methods. The said merchant further posted an excerpt from the mail he received from eBay. It clearly exhibited the company's take on Bitcoin, for it mentioned the digital currency as something that defies their approach towards offering a secure and simplified e-commerce platform. "Please understand that you mentioned you accept "Bitcoin" as a method of payment," the alleged mail....