RE: EBAY28 Feb 2022 16:04
From UKInvesting
Multinational eCommerce giant eBay Inc (NASDAQ: NASDAQ:EBAY) is reportedly looking into accepting cryptocurrency as a means of payment.
What Happened: According to a report from The Street, eBay is studying the possibility of adding support for cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE).
The firm’s CEO Jamie Iannone said that eBay could make an official announcement on its upcoming investor day on March 10.
"We're not accepting crypto currently. But on March 10, we're going to go deeper on all of these things, payments, advertising, our focus categories," he said to The Street.
The move to accept cryptocurrency will be geared towards making eBay the “go-to platform” for Gen Z and Millennials.
Iannone also acknowledged that eBay had changed its policies last year to allow for non-fungible token (NFT) trading on its platform.
"So even without announcing anything or doing anything, people started trading NFT on a platform," he said.