- Many corporations are slowly offering crypto payments on their platforms.
- eBay could be the next one.
- The CEO of eBay says they will delve deep and consider possibilities.
As the popularity of cryptocurrencies continues to grow, more and more corporations are considering adding crypto as a payment option to their businesses. The latest of these businesses could be eBay.
In detail, eBay’s CEO Jamie Iannone says the website isn’t accepting crypto payments at the moment. However, he says it does open up a new form of payment. It seems the CEO is considering the possibilities of crypto payments on the platform.
Specifically, he says that the brand will delve “deeper on all things, advertising, payments, and focus categories”. In particular, eBay is presently processing $85 billion in payment volume on its platform directly.
Thus, applying crypto payments would be ideal. More so, it could also be a way to appeal to a specific or niche group. After all, eBay began accepting Apple Pay, Google Pay, and Afterpay in Australia to attract the Gen Z market.
If eBay takes on crypto payments on its website, it will likely make a huge impact on the crypto industry. Which, at the moment, is in a bit of a rut due to growing FUD. Currently, the Bitcoin Fear & Greed Index is at 20, pointing to Extreme Fear in the market.
Still, crypto enthusiasts worldwide are HODLing as they believe in the power of cryptocurrency and financial freedom. As always, Twitter is buzzing with all the latest developments in the industry.
For instance, eBay’s possible news caught the attention of Jason A. Williams — author of Bitcoin: Hard Money You Can’t F*uck With.
From the above tweet, we can see the post got quite a lot of engagement. While some are skeptical, others are excited to see an official announcement from eBay soon.
Recommended News :
Crypto News Land (cryptonewsland.com), also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.