eBay To Integrate Bitcoin And Crypto Payments?
eBay CEO Jamie Iannone spoke with TheStreet and it seems the giant could implement Bitcoin and cryptocurrency payments on their site very soon:
Why E-commerce Giant eBay Could Integrate Bitcoin And Crypto Payments
The company’s CEO Jamie Iannone spoke to the media outlet about their plans to integrate Bitcoin payments into their platform. In that sense, eBay could make an official announcement on March 10, during their upcoming “day dedicated to investors”. The executive said:
We’re just completing our transition to manage payments where we’re now managing $85 billion of volume on our platform directly. This gives us the ability to open up new forms of payment. We opened up Google Pay and Apple Pay. We have a partnership with Afterpay in Australia, which is a platform that appeals to Gen Z, and that is a buy now pay later platform on the marketplace.
The company continues to “evaluate” payment methods to become, as emphasized by its CEO, more appealing to the so-called Gen Z consumers. Per the report, eBay is implementing different strategies to attract younger generations, by particularly focusing on shoes and other categories. Iannone added:
We’re not accepting crypto currently, but on March 10, we’re going to go deeper on all of these things, payments, advertising, our focus categories.
Integrating with eBay could represent a significant expansion in terms of adoption for cryptocurrencies. The platform has an estimate of 187 million users worldwide, a metric that has seen steady growth since 2010.
Full article here: https://bitcoinist.com/why-ebay-could-integrate-bitcoin-crypto-payments/