According to reports, eBay is open to accepting cryptocurrencies as a form of payment and is examining ways to add NFTs on its platform.
As cryptocurrencies go mainstream, a growing number of companies are starting to accept them as a form of payment. Previously ignored by big companies and financial institutions, now they are being considered more and more often.
For example, Tesla now accepts bitcoin as payment for its vehicles, and PayPal last year started allowing its customers to buy, sell and hold cryptocurrencies in its online wallets. Now, eBay is showing interest as well.
Related | Emily Ratajkowski Is Reclaiming Her Image With An NFT
“We are always looking at the most relevant forms of payment and will continue to assess that going forward. We have no immediate plans, but it (cryptocurrency) is something we are keeping an eye on,” eBay’s CEO Jamie Iannone explained in a recent statement to Reuters.
In addition to the possibility of introducing cryptocurrencies as a payment option, eBay is also looking at ways to get into NFTs (non-fungible tokens) as well.
The digital assets have grown exponentially in terms of popularity lately, with some NFT artworks selling for tens of millions of dollars.
“We’re exploring opportunities on how we can enable it (NFTs) on eBay in an easy way,” explained Iannone in a recent interview on CNBC. “Everything that’s collectible has been on eBay for decades and will continue to be for the next few decades.”
You might also like
More from Tech
Apple Could Soon Allow Third-Party App Stores On The iPhone
Upcoming EU rules could mean Apple will have to allow third-party app stores on the iPhone starting in 2024.The news …
Apple Enhances Security with End-to-End Encryption for iCloud Backups
Apple is expanding its iCloud security features and introducing support for security keys for two-factor authentication.TL;DR; – Apple has announced …
Google Japan Unveils An Insane 5-Foot Long Keyboard
The “Key Bou” is an insane 5-foot straight bar keyboard designed by Google to promote its virtual GBoard, available on …
Govee Rolls Out A New 16-foot Premium Smart LED Strip
Govee’s new multicolor smart LED strip is 16 feet long (5 meters) and has a built-in mic for syncing to …
Kim Kardashian And Beats Introduce Special Edition Fit Pro Earbuds
Kim Kardashian's special edition Beats Fit Pro are now available at Apple stores.The earbuds come in three neutral colors, Moon, …
Lyft Wants To Cash In On In-Car Digital Ads
Lyft announced the launch of Lyft Media, a new digital advertising business unit with the potential to add billions to …
Amazon Alexa Mimics The Voices Of Your Dead Relatives
Amazon is testing an experimental Alexa feature that allows it to mimic the voices of your dead relatives. Read that …
Adobe Announces Express Content Scheduler
Adobe has announced Adobe Express Content Scheduler, a new tool to help social media managers make, plan, preview, and publish …
Tech Companies Are Teaming Up To Free Us From Passwords
Apple, Google, and Microsoft are committing to expanded support for the FIDO standard to bring a passwordless future.