World’s Largest E-Commerce Company eBay Considers Crypto Payments

The multinational e-commerce corporation based out of America, eBay aims to become the significant marketplace for millennials. Recently, eBay has been studying the possibilities to add a mode of payment. The CEO of eBay Inc., Jamie Iannone claimed that they might announce the decision on March 10. “We are just completing our transition to managing payments where we are now managing $85 billion of volume on our platform directly. This gives us the ability to open up new forms of payment.” The news has been buzzing with the emergency and adoption of cryptocurrency in various industries. The introduction of digital wallets has opened doors to conduct businesses seamlessly. As it is a known fact that cryptocurrency can be converted into local currency, accepting this form of payment can earn advantageous benefits for retailers. Cryptocurrency and e-commerce go hand-in-hand as they both appeal to a digitally-savvy user. “We opened up Google Pay and Apple Pay. We have a partnership with Afterpay in Australia. And so we continue to evaluate other forms of payments that we should take on the platform.” Jamie Iannone also states that they do not currently accept cryptocurrency payments. However, he continues, “On March 10, we are going to go deeper on all of these things – payments, advertisements, our focus categories.” Remembering a thing from the past, Iannone further says that years ago people on eBay had started selling cars even...