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eBay Exploring Cryptocurrency Payments

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Mon, 05/03/2021 - 14:55
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Alex Dovbnya
Online marketplace eBay is taking another look at cryptocurrency payments
eBay Exploring Cryptocurrency Payments
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E-commerce giant eBay is considering adding cryptocurrencies as a new payment option, CEO Jamie Iannone told CNBC Monday:

We're expanding the types of payments that we take... we'll continue to look at other options like cryptocurrency. 

On top of that, the company is looking into facilitating NFT sales on its platform.

As reported by U.Today, eBay was rumored to get into crypto back in May 2019 based on an ad at a Consensus conference. However, the gossip was quickly shut down by the company's spokesperson:

Cryptocurrency is not accepted as a form of payment on the eBay platform, nor is it part of our payments strategy.

At this point, it seems like crypto is already too big for the company to ignore, but the decision about whether or not it will enable the new payment method is not set in stone yet.

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eBay originally started considering accepting Bitcoin for payments back in 2013, but it ended up shelving the plan.

PayPal, eBay's former subsidiary, started allowing its U.S. customers to hold and trade cryptocurrencies last year before enabling crypto merchant payments in late March.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.