eCommerce and Crypto

eBay, the eCommerce giant, seems to be ready to accept payments in Bitcoin and cryptocurrencies.

This was revealed by some rumors and a recent statement by its CEO Jamie Iannone.

In a telephone interview, Iannone said that the platform wants to become the market for Gen-Z and Millennials, those who represent the future of sales on the most famous platform in the world. They are adopting cryptocurrencies to defend themselves against inflation, Covid-19 and the decline in well-being.

eBay poits on Bitcoin and Crypto eBay CEO Jamie Iannone appears ready to accept payments in Bitcoin and cryptocurrencies.

Today, the main eCommerce companies haven’t yet landed in the world of cryptocurrencies.

Unlike many digital payment giants who have already done so: PayPal , MasterCard and Visa . PayPal has also confirmed that it is working to develop its own cryptocurrency called PayPal Coin .

In March, eBay executives stated that the company is considering the inclusion of new forms of payment, and that an official digital wallet will be launched by mid-2022,

For a year now, eBay has been allowing the exchange of NFTs on its platform, so it is highly probable that in the future the company will also release tools for the custody or trading of these cryptographic assets.The details relating to eBay’s digital wallet – which should be called “eBay Vault” – are very few, and the only certain thing is the deadline set by the company for the launch of the wallet: the second quarter of 2022.CEO Iannone said: “Over the past two years, we have radically changed the trajectory of our business. We see incredibly exciting growth potential in this market and believe it is our opportunity to win by honing our focus and continuing to create value through a technological revamp of eBay (…) Our company […]

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