eBay, one of the largest e-commerce platforms, is preparing to enter the multi-billion dollar crypto market as part of its development goals. Various rumors that e-Bay will introduce support for cryptocurrency-based payments in its core ecosystem are beginning to be confirmed by major media outlets. eBay CEO Jamie Iannone stated in an interview with CNBC that the firm may make an official statement about cryptocurrencies on March 10, 2022. cryptocoin.com We provide details as…
eBay prepares for cryptocurrency payments
E-commerce giant eBay, which has been examining the crypto payment option for a while, may detonate the bomb in March. In a CNBC interview, CEO Jamie Iannone said the following about whether the firm will accept crypto payments in the future:
We do not currently use cryptocurrencies. However, the firm is examining and evaluating new payment options. On March 10, we’ll shed more light on all of these issues, including payments, ads, and focus areas.
With the growing popularity of cryptocurrencies, companies from around the world are looking for ways to integrate them into their systems for users. There has been a significant increase in the number of investors opting for crypto payments for investments, trading transactions or daily necessities. The global shutdown due to COVID-19 has led people to cryptocurrencies and Blockchain technology. Payment platforms like PayPal are leading firms that allow their users to buy, sell and hold cryptocurrencies through their online wallet solutions.
Generation Z is our biggest focus!
Iannone stated that the company’s new payment options are aimed at attracting younger customers and are the primary focus of Generation Z. Although eBay, one of the most popular platforms in the world, started to engage with the NFT sector in May, it was not enthusiastic about the possibility of accepting crypto payments. However, the fact that global surveys revealed the interest of generations Y and Z in crypto attracted the famous trading giant to this sector. cryptocoin.com In recent developments, we have seen that a British law firm has announced that it will use certain altcoins for payments.
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