EBay is open to the potential of accepting cryptocurrency as a type of cost sooner or later and is taking a look at methods to get non-fungible tokens (NFTs) on its platform, the corporate stated on Monday.
A rising variety of firms have begun to simply accept digital currencies as a type of cost, taking an asset class that had been shunned by main monetary establishments a couple of years in the past, a step nearer to changing into mainstream.
Tesla is already accepting bitcoin as cost for its electrical vehicles, whereas funds big PayPal final 12 months began permitting clients to purchase, promote and maintain cryptocurrencies utilizing its on-line wallets.
“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,” eBay stated in a press release to Reuters.
In an interview with CNBC, Chief Executive Officer Jamie Lannone stated that accepting digital foreign money was an choice the corporate was taking a look at.
EBay, which disenchanted traders with a weak second-quarter revenue forecast final week, stated it was taking a look at a “number of ways” to get into the NFT house.
NFTs, a kind of digital asset that exists on a blockchain, have exploded in reputation this 12 months, with NFT artworks promoting for thousands and thousands of {dollars} and musicians such because the Kings of Leon rock group embracing them for his or her newest album.
“We’re exploring opportunities on how we can enable it (NFTs) on eBay in an easy way,” Lannone stated on CNBC. “Everything that’s collectible has been on eBay for decades and will continue to be for the next few decades.”
