Following Tesla and Paypal, eBay Inc reveals its plan to accept cryptocurrency for in-platform payments. The e-commerce company is looking to add non-fungible tokens (NFTs) to its platform as well.
Cryptocurrency is starting to become more mainstream. Despite the pros and cons, numeral big-name companies have started to accept virtual currencies as a form of payment. Tesla has started to accept bitcoin for its electric cars purchases. PayPal, on the other hand, allowed the act of buy, sell and hold cryptocurrencies through its online wallets since last year.
Next in line is eBay. On Monday, eBay sent a statement to Reuters saying, “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 statement is also supported by the CEO, Jamie Iannone. In an interview with CNBC, Iannone revealed that the company is discussing the option to accept virtual currency for payments.
eBay: NFTs in the platform still in discussion
On top of the plan to accept cryptocurrency for payments, eBay is currently looking at a “number of ways” to involve NFTs in the platform.
Iannone revealed the plan in the interview with CNBC as well. Iannone said, “We’re exploring opportunities on how we can enable it (NFTs) on eBay in an easy way”.
“Everything that’s collectible has been on eBay for decades and will continue to be for the next few decades,” he added.
NFTs are a type of digital assets generated through a blockchain. The token gained its momentum this year as artists managed to sell their artworks for millions of dollars through NFTs. Musician Kings of Leon rock group also experimented with these tokens by becoming the first band to release an album in the form of NFTs.