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Multinational eCommerce giant eBay<\/a> is reportedly looking into accepting cryptocurrency<\/a> as a means of payment, said CEO Jamie Iannone in a recent interview.<\/p>\n The e-commerce marketplace, which aims to be a place for Gen-Z and millennials, is studying the possibility of adding cryptocurrencies as possible means of payment. In a recent interview, Iannone said that the firm could announce on March 10 during its day dedicated to investors.<\/p>\n<\/div>\n<\/div>\n Iannone said:<\/p>\n \u201cWe\u2019re just completing our transition to manage payments where we\u2019re now managing $85 billion of volume on our platform directly. This gives us the ability to open up new forms of payment.\u201d<\/p>\n<\/blockquote>\n Interestingly, over the last few months, quite a few surveys have highlighted that millennials tend to be the most crypto-friendly demographic, which explains eBay\u2019s upcoming venture into the crypto-verse.<\/p>\n Until now, the e-commerce platform had shied away from fully embracing cryptocurrencies even though it embraced non-fungible tokens (NFTs)<\/a> last year May. Without making any official announcement, Iannone pointed out the growing popularity of NFT trading on its platform.<\/p>\n Furthermore, talking about eBay\u2019s stance on emerging technology such as blockchain and cryptocurrencies, Iannone said that the company altered its policies last year to make the e-commerce platform a place to buy and sell anything. He added that the firm has been looking to integrate crypto payment options for quite some time, owing to the growing demand of the asset class.<\/p>\n<\/div>\n<\/div>\n While eBay\u2019s decision to integrate cryptos would be much appreciated in the market, this wouldn\u2019t be the company\u2019s first dabble with cryptos. Notably, eBay first tried integrating BTC<\/a> payments back in 2014, when BTC was still in its nascent stages.<\/p>\n Last year in May, there were speculations that eBay was exploring Bitcoin payment integration and NFT trading. Seemingly, the crypto payment integration plan could now see the light of the day as crypto adoption becomes mainstream.<\/p>\nAppeasing Gen-Z and Millennials<\/h2>\n
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Another Shot at Cryptos<\/h2>\n