eBay to add crypto payments
CEO Jamie Iannone said that the new payment method is designed to attract younger buyers
28.02.2022 - 13:35
311
1 min
0
What’s new? The e-commerce giant eBay plans to add support for cryptocurrency payments as early as March of this year, The Street reports. There was some speculation that eBay was ready to accept cryptocurrencies in 2019, but the company quickly denied these rumors.
Information on The Street's website
What does the eBay representative say? A number of surveys show that millennials are the most cryptocurrency-friendly, which explains eBay's affinity for digital assets. CEO Jamie Iannone said the new payment method is designed to attract younger buyers:
“On March 10, we're going to go deeper on all of these things, payments, advertising, our focus categories.”
How did events develop? The e-commerce platform has so far refused to fully switch to cryptocurrencies, despite the fact that in May 2021 it began investing in NFT. The Internet company first thought about accepting bitcoin back in 2013, when the world's first cryptocurrency was just emerging. As a result, representatives of the platform stated that they were seriously considering the possibility of introducing crypto payments amid massive interest in the new asset class.
Useful material?
Market
Funds can be seized by law enforcers due to links to illegal activity
Apr 26, 2024
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024