eBay ‘open’ to accepting crypto in future

eBay has said it’s open to the idea of accepting cryptocurrency payments in the future.

The online marketplace, which has 22 million active users in the UK, also said that it is exploring how to incorporate non-fungible tokens (NFTs) on its platform.

Last week the e-commerce business reported $3 billion in revenue, up 42 per cent.

It is becoming increasingly common for companies to accept cryptocurrencies as a form of payment.

Tesla has started accepting bitcoin as a payment for its electric cars, while PayPal has enabled customers to buy, sell, and hold the digital assets via its online wallets since last year.

In a statement to Reuters, the eBay said: “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.”

The online platform’s chief executive Jamie Iannone told CNBC that accepting digital assets was a possibility the company is exploring.

eBay also said it is looking at several ways to get incorporate NFTs “in an easy way.”

“Everything that’s collectible has been on eBay for decades and will continue to be for the next few decades,” the chief executive said in an interview with the news channel.

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