Home
News
- eBay, the e-commerce mammoth, is on its path to add a backing for digital assets, and is anticipated to do so by next month, as per a report.
- The well-liked e-commerce platform is very distant from entirely embracing crypto assets, in spite of commencing to dabble in NFTs previous May.
- There were a few speculations back in 2019, that eBay is all set to adopt cryptocurrencies, but denied the rumors.
Folks Will Be Able To Pay in Crypto
E-commerce behemoth, eBay is down the road to add support for crypto-asset transactions and is expected to do so in March, as per a report published by a news agency.
eBay CEO, Jamie Lannone states that the latest payment option has the prime objective to lure younger clients. He said, on 10th March, the organization is going to dive deeper into all these, advertising, transactions, things, and their focus categories.
Some specific surveys highlight that millennials appear to be the most crypto-friendly demographic, determining eBay’s future pivot to cryptocurrencies.
The well-liked E-commerce website has been distant from ultimately adopting digital assets, in spite of dabbling in NFTs previous May.
The trailblazing internet organization, which was discovered during September 1995, initially toyed with the notion of adopting Bitcoin, all the way in 2013, when globe’s initial digital asset was still in its infancy.
There were rumors regarding eBay all set to accept digital assets in 2019, but the organization quickly threw such rumors in the box.
The digital auction house ultimately said that it is seriously taking cryptocurrency transactions into consideration amidst huge speculative interest in the infant asset class.
What Does This Mean To The Crypto Industry?
Cryptocurrency sector is rapidly growing, being adopted by many nations, and various organizations all around the globe are interested in making crypto assets as their means of transactions.
If eBay is seriously considering adding crypto payments, then the digital asset industry is about to see a massive crowd escalating in the market.
However, the E-commerce behemoth has not yet enabled crypto payments, and folks can only acquire items via their respective fiat currencies.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
