E-commerce giant, eBay Inc, has revealed a tentative plan to include crypto payments among its range of payment options for customers.
The world’s XNUMXth most valuable company made this announcement in a CNBC interview with the company’s CEO, Jamie Iannone, who stated that the company has started ‘considering’ the option given the growing demand for seamless crypto commerce across the globe.
With over XNUMX million customers currently utilizing the platform, eBay is looking to join its former subsidiary PayPal, to capitalize on a growing customer base and innovate around NFTs and crypto.
Last year, the San Jose-based company raked in a fortune from soaring sales, helping over XNUMX% of all small businesses based in economically disadvantaged counties in the US, become international exporters. The giant strides culminated into an additional $XNUMXbn gross gain for the e-commerce giant according to its XNUMX first-quarter reports.
Despite making a profit, eBay constantly kept its eye on the equally profitable parallel world of crypto which crossed the trillion market capitalization mark in XNUMX and minted new Forbes Billionaires and is racing to compete favorably with gold’s $XNUMX trillion markets in the nearest future.
Many digital payment companies like Visa, Venmo, and PayPal are already allowing top-tier cryptocurrencies like Bitcoin and Ethereum, and stablecoins like USDT for payments on their platforms and it is only plausible that eBay pioneers the class-A e-commerce industry by accepting crypto payments.
Įtraukusi kriptografiją, „eBay“ siekia padidinti savo rinkos kapitalizaciją> 30 mlrd. USD ir pelningai patekti į šurmuliuojančią, gyvybingą trilijonų dolerių rinką.
Ateinančiais mėnesiais klientai norės sužinoti, kokias monetas priims „eBay“ ir kaip ji planuoja tvarkyti nuolaidas, siuntimo mokesčius ir kitas pašalines išlaidas.
It still remains unclear, also, how much crypto reserves eBay will purchase as a reserve or the mechanics and technology it will put in place to handle the issue of refunds and ‘crypto-back guarantee’.
However, eBay’s entry into the crypto space represents a fresh dose of validation for all digital currencies and all spectators will have their eyes keen on the way eBay would eventually innovate around NFTs. Would it become another retailer, an exchange platform, or something unheard of within the space? It’s all up to eBay to resolve.