Ebay exploring crypto payment options and NFT auctions
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....
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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....
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....
Today, eBay revealed their category changes for the month of April. Near the bottom of the list due to the intentional use of the word ‘virtual’ instead of ‘digital,’ the “Virtual Currency Category” is under the Paper Coin and Money subcategory of the Collectibles & Art section. Under the Virtual Currency Category are three more categories: Miners, Mining Contracts, and “Currency.” Despite these new categories, there are still tens of thousands of digital currency related auctions and listings on eBay that have not been properly re-categorized. Make no mistake that eBay had been....
Declaring BTC a store of value — e.g., gold 2.0 — but not a medium of exchange, defies logic. It must first have a use case. In an August 2020 paper “Is bitcoin money?” Peter Hazlett and William Luther wrote that there exists only “a small corner of the internet where transactions are routinely conducted with Bitcoin serving as the medium of exchange.” But that corner may be growing into a room, or even a house now. “Demand for Bitcoin has certainly grown over the last year,” co-author Luther, assistant professor of economics at Florida Atlantic University, told Cointelegraph in a recent....