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CEO of eBay indicates cryptocurrency payments inclusion into the platform

Following the implementation of NFTs, eBay, the American global e-commerce behemoth, is considering integrating cryptocurrency payments.

In a recent interview, CEO Jamie Iannone stated that the company may take the jump very soon. The corporation’s primary goal is to attract Gen Z and millennial customers.

eBay is one of the most recognized e-commerce companies, established in 1995.
In an exclusive interview with The Street, Iannone stated that the much-anticipated crypto integration platform’s official announcement might be made during the forthcoming investor’s day on March 10. They further stated that are currently managing $85 billion in volume on the platform which enables the provision of additional payment methods.

Thus far, eBay has made Google Pay and Apple Pay available on its site. It has also formed a collaboration with an Australian fintech startup, Afterpay, “which is a platform that appeals to Gen Z,” according to Iannone, implying that the time has come to consider new ways of payment. The founder also stated that he is eager to pursue new opportunities.

eBay was exploring the integration of Bitcoin (BTC) as a payment method to their retail platform in 2014.
Six years later, Iannone stated that the e-commerce powerhouse was not in a rush to adopt new payment methods such as bitcoin, but that it would continue to investigate them.

Despite the fact that eBay has yet to implement the crypto payment option, it made significant bets on the booming NFT industry in May of last year and it isn’t the only well-known site that has interacted with new technologies such as NFTs and blockchain.
Last year, online payment processor PayPal and Chinese e-commerce firm JD.com both entered the NFT industry.

Photo by Mark König

About the author, Deyvid Stoyanov

Deyvid developed his passion for technology, innovation, blockchain and decentralization throughout his bachelor and masters degree studies in Bulgaria and Italy. With several years of experience in the private sector, he is currently part of the FinTech Legal Center Tallinn-based team and remains immersed in the transformation of the financial and banking sector, the adoption of blockchain and cryptographic technologies as well as their interrelationship with state supervisory authorities and the European regulatory structure.

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About Estonian Crypto Licenses

Estonian Crypto Licenses is a trading name of TechIuris OÜ, a company based in Tallinn, Estonia and specialised in legal and compliance solutions for European FinTech companies. We are a fully licensed company, and EVEA and e-Residency marketplace members. Here on our blog, we share the latest news on topics such as NFTs, cryptocurrencies, blockchain and much more.

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