The multinational e-commerce corporation based out of America, eBay aims to become the significant marketplace for millennials. Recently, eBay has been studying the possibilities to add a mode of payment. The CEO of eBay Inc., Jamie Iannone claimed that they might announce the decision on March 10. 
<blockquote>“We are just completing our transition to managing payments where we are now managing $85 billion of volume on our platform directly. This gives us the ability to open up new forms of payment.”</blockquote>
The news has been buzzing with the emergency and adoption of <a href="https://www.cryptoknowmics.com/news/all-you-should-know-about-cryptocurrency-arbitrage/">cryptocurrency</a> in various industries. The introduction of digital wallets has opened doors to conduct businesses seamlessly. 

As it is a known fact that cryptocurrency can be converted into local currency, accepting this form of payment can earn advantageous benefits for retailers. Cryptocurrency and e-commerce go hand-in-hand as they both appeal to a digitally-savvy user. 
<blockquote>“We opened up Google Pay and Apple Pay. We have a partnership with Afterpay in Australia. And so we continue to evaluate other forms of payments that we should take on the platform.”</blockquote>
Jamie Iannone also states that they do not currently accept cryptocurrency payments. However, he continues, 
<blockquote>“On March 10, we are going to go deeper on all of these things - payments, advertisements, our focus categories.”</blockquote>
Remembering a thing from the past, Iannone further says that years ago people on eBay had started selling cars even though the firm did not have a vehicle business then. A similar occurrence with respect to NFT made Iannone observe that transactions related to NFTs had also started occurring on <a href="https://www.cryptoknowmics.com/news/ebay-allows-nft-sales-on-platform-amid-huge-wave-around-tokens/">eBay</a>. 

Although the firm did not announce so, the team did enforce policies in 2021 to trade <a href="https://www.cryptoknowmics.com/news/japanese-retail-giant-rakuten-launches-nft-marketplace/">NFT</a> on the platform and several users started trading NFT on the e-commerce platform. In conclusion, Jamie Iannone states,
<blockquote>“eBay will be the place where people will trade goods, whether physical or digital. [Thereby] over time, you know, we want this [eBay] to be the marketplace for sustainability. </blockquote>

World's Largest E-Commerce Company eBay Considers Crypto Payments

Jamie Iannone, the CEO of eBay states that on March 10 there would be a discussion held to consider cryptocurrency as a form of payment.

Priyanka is an active crypto enthusiast. Having graduated with a BA in Journalism and Mass Communication, she is a passionate content writer with a strong understanding of financial content. She has been writing on crypto and blockchain-related topics for the last three years and is an active trader.

World's Largest E-Commerce Company eBay Considers Crypto Payments

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