EBay says open to accepting to cryptocurrencies in future, exploring NFTs

EBay Inc is open to the opportunity of accepting cryptocurrency as a type of fee sooner or later and is methods to get non-fungible tokens (NFTs) on its platform, the corporate mentioned on Monday.

Tesla Inc is already accepting bitcoin as fee for its electrical automobiles, whereas funds large PayPal final yr began permitting prospects to purchase, promote and maintain cryptocurrencies utilizing its on-line wallets.

“We’re all the time trying on the most related types of fee and can proceed to evaluate that going ahead. We have now no quick plans, however it (cryptocurrency) is one thing we’re keeping track of,” eBay mentioned in a press release to Reuters.

In an interview with CNBC, Chief Government Officer Jamie Iannone mentioned that accepting digital foreign money was an possibility the corporate was .

EBay, which disenchanted traders with a weak second-quarter revenue forecast final week, mentioned it was a “variety of methods” to get into the NFT area.

NFTs, a sort of digital asset that exists on a blockchain, have exploded in recognition this yr, with NFT artworks promoting for hundreds of thousands of {dollars} and musicians such because the Kings of Leon rock group embracing them for his or her newest album.

“We’re exploring alternatives on how we will allow it (NFTs) on eBay in a straightforward approach,” Iannone mentioned on CNBC.

“All the things that is collectible has been on eBay for many years and can proceed to be for the following few a long time.”

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