A growing number of businesses have started to accept virtual currencies as a method of payment.
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EBay Inc is open to the possibility of accepting cryptocurrency as a payment method in the future and is looking for ways to get non-fungible tokens (NFTs) on its platform, the company said Monday.
A growing number of companies have started to accept virtual currencies as a form of payment, taking an asset class that had been shunned by large financial institutions a few years ago, one step closer to mainstreaming.
Tesla Inc is already accepting bitcoin as a payment method for its electric cars, while payments giant PayPal began last year allowing customers to buy, sell and hold cryptocurrency using its online portfolios.
“We are always looking for the most relevant payment methods and will continue to assess this in the future. We have no immediate plans, but it is (the cryocurrency) that we are monitoring,” eBay said in a statement. to Reuters.
In an interview with CNBC, CEO Jamie Lannone said accepting virtual currency is an option the company is considering.
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EBay, which disappointed investors with weak expectations for second quarter earnings last week, said it was looking for a “number of ways” to get into the NFT space.
NFTs, a type of digital asset that exists on a blockchain, have exploded in popularity this year, with NFT artwork sold for millions of dollars and musicians such as the Kings of Leonrock group adopting them for their latest. album.
“We are exploring opportunities on how we can activate it (NFT) on eBay in an easy way,” Lannone said on CNBC.
“Everything collectible has been on eBay for decades and will remain so for decades to come.”