Ebay CEO Talks NFTs and Crypto, Exec Says Company Continues to 'Evaluate Other Forms of Payments'

The president and chief govt officer of Ebay, Jamie Iannone, mentioned the different of digital currency acceptance on the web public sale web online page and non-fungible token (NFT) gross sales in a most up-to-date interview printed on February 27. Iannone pressured out that at cloak, Ebay doesn’t settle for cryptocurrencies but in March, the firm plans to head “deeper on all of those items, payments, promoting, our focal point categories.”

Ebay CEO Jamie Iannone: ‘Without Any Helpful Announcement, Participants Began Buying and selling NFTs on the Platform’

There are just a few online enterprise giants comparable to Amazon and Ebay, that crypto supporters hope in the end would possibly well perchance merely relieve cryptocurrency payments in the prolonged bustle. Ebay has been the topic of dialog for years as crypto advocates imagine digital resources and the web public sale platform would attend every assorted a big deal. On May perchance perchance well merely 11, 2021, Bitcoin.com News reported on Ebay allowing NFT gross sales on the public sale area. For the period of his interview with The Boulevard, Ebay CEO Jamie Iannone explained that the NFT gross sales merely materialized with out unheard of view.

“We did exchange our insurance policies final yr so that you simply would possibly well perchance be commerce NFT on the platform and truly, you know, Ebay is a space where folk grasp one thing to promote and folk grasp one thing by cloak up,” Iannone mentioned. “Even with out announcing one thing else or doing one thing else, folk started procuring and selling NFTs on the platform. It rang a bell in my memory of a few years ago when folk upright started promoting vehicles as soon as we didn’t truly grasp a automotive enterprise at that point. So we’re seeing the same effect of disclose,” the Ebay govt mentioned.

Ebay to Glance ‘Deeper’ Into Different Payments in March

The Ebay CEO’s interview then turned to digital currency acceptance and Iannone highlighted that the firm continues to “review assorted forms of payments that we can grasp to tranquil grab on the platform.” Iannone detailed that the firm has a focal point on the childhood and trends love the collectible sneaker commerce. After being puzzled about crypto acceptance, Iannone remarked that “[Ebay is] now not accepting crypto at cloak.” Nonetheless, the public sale web online page CEO added:

On March 10, we’re going to head deeper on all of those items, payments, promoting, our focal point categories.

Ebay remains to be an enormous in the area of online gross sales with $10.27 billion in revenue recorded in 2020. The revenue is enormous but unheard of smaller than the $386.1 billion Amazon raked in that yr. Iannone concluded that Ebay will continue to be a prominent enterprise where folk exchange goods online. “Ebay often is the gap where folk commerce goods, whether they be bodily or digital,” Iannone explained. “So over time, you know, we need this to be the marketplace for sustainability.”

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What invent you imagine the Ebay CEO’s most up-to-date comments about NFTs and evaluating assorted forms of payments? Let us know what you mediate about this area in the comments allotment below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a ardour for Bitcoin, start-supply code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging on the present time.


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