eBay is Considering Accepting Cryptocurrency as Payment Option

Tuesday 04 May 2021, 3:00 PM AEST - 1 week ago

One of the world’s leading e-commerce giants eBay is now considering accepting Bitcoin and other cryptocurrencies as a payment option. Reuters reported the new development on Monday, citing the Chief Executive Officer, Jamie Lannone.

eBay is Open to Accepting Crypto Payments

While speaking with CNBC, the CEO of the online shopping platform disclosed that the company was considering adding new payment options for its millions of customers. Among other payment options, the company enlisted digital currencies as a potential payment method.

This is an important development for the cryptocurrency space, given eBay’s popularity and user base. As of mid-2019, the e-commerce platforms recorded over 182 million users worldwide. Supporting cryptocurrency as a payment method creates more room for mainstream adoption of digital currencies. This will also add to the list of major e-commerce platforms where users can pay for items using their cryptocurrencies.

In addition to supporting cryptos, Lannone also disclosed in the interview that the e-commerce company is also considering “ways to get into the business of non-fungible tokens (NFTs)”.

More Platforms to Pay With Cryptocurrency

eBay news today comes some days after the online payment giant, PayPal, announced that its users can now check out from supported shops with cryptocurrencies like Bitcoin, Ethereum, Litecoin and Bitcoin Cash. In a separate development, Dan Schulman, the CEO of PayPal, admitted to a rapidly-growing demand for cryptocurrencies. He said the “demand on the crypto side has been multiple-fold to what we initially expected”.

In Australia, more companies are increasingly supporting cryptocurrencies as a payment method for their customers. Some of the Aussie companies accepting crypto payment include the NBN Internet RSP Launtel, Queensland Solar and Lighting, Dream PC Australia, Pet Parlour Australian Online Pet Shop, and so on.

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