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eBay could officially announce Bitcoin payments in March, suggests CEO

Alex Coin
February 28, 2022
Reading Time: 4 mins read
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What is Bitcoin?

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.

The eBay CEO said the company will make an announcement to “dig deeper” into payments issues and other things on March 10. He also mentioned the growth of NFT transactions on the platform.

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The e-commerce giant, eBay , aparentemente se está preparando para agregar soporte para pagos con Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. .

According to the CEO of eBay Jamie Iannone, the company is considering integrating cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. payments and could make an official announcement on the matter in March. In a recent interview withThe StreetThe CEO said the company does not currently accept digital currency currency is a medium of exchange that defines value. payments but is investigating the sector and expects to make an announcement next month.

We continue to evaluate other forms of payment that we should take on the platform. We don’t currently accept cryptocurrencies. [But] on March 10, we’ll dig deeper into all of these things, payments, advertising, our focus categories.

The CEO noted that the company’s transition to manage payments directly on the platform gives them “ the ability to open new payment methods “. eBay currently manages a payment volume how much cryptocurrency has been traded over a set period, such as the past 24 hours. of USD $85 billion, Iannone said.

eBay takes a close refers to the closing price; similar to the same term used in stock trading. look at cryptocurrencies, but already accepts NFT

La incorporación de pagos con activos digitales está en línea con los objetivos de eBay to become the leading online marketplace for Gen-Z and Millennials.

“ We opened Google Pay and Apple Pay. We have a partnership with Afterpay in Australia, which is a platform a place to buy, sell and store cryptocurrency that appeals to Generation Z, which is a buy now, pay later platform in the marketplace. “, continuó el CEO, quien insistió en que los clientes de las nuevas generaciones son una prioridad para la empresa.

Deepening in the strategies that it has promoted eBay to pursue this goal, Iannone mentioned the company’s recent change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. in policy to facilitate the trade of tokens no fungibles (NFT) . eBay began allowing NFT sales on its platform in May 2021, making it the first e-commerce company to dabble in the digital collectibles craze.

We changed our policies last year so that [users] could trade NFTs non-fungible token, a unique non-interchangeable piece of digital content that is stored on a distributed ledger (blockchain). on the platform. eBay is essentially a place where people have something to sell and something to show off .

Dijo además que la empresa había notado un aumento impresionante en las transacciones que involucraban NFT. “Incluso sin anunciar nada, ni hacer nada, la gente comenzó a operar con NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. en una plataforma” a phenomenon, he explained, that, he said, reminded him of the auto trade when eBay had not yet deployed a vehicle sales business.

In this line, the CEO expressed the commitment to make the e-commerce company a place for the exchange of any kind of goods, “whether physical or digital digital technologies are these electronic tools that have the ability to generate, store or even process data. “.

eBay and Bitcoin have a history

The president of eBay ya had revealed last year that the company was open to the possibility of accepting cryptocurrencies. as a form of payment. “ We are always looking at the most relevant payment methods and will continue to evaluate that in the future. We have no immediate plans, but (cryptocurrency) is something we are keeping an eye on. “, a spokesman told Reuters in May.

The relationship of eBay with the world of digital currencies is not recent. Two years ago, during the crypto conference Consensus, se rumoreó that the e-commerce platform would enter the ecosystem, after a billboard was displayed at the event. However, the company itself later took it upon himself to deny it .

Cointelegraph remember that eBay originally began to consider accepting Bitcoin for payments in 2013, but ended up shelving the plan. DiarioBitcoin also published in 2017 words from a company executive who said that it was being giving serious consideration the acceptance of Bitcoin . Earlier, in 2015, also applied for patents for cryptocurrencies.

For its part, PayPal, the former subsidiary of eBay The U.S. cryptocurrency exchange, began allowing its U.S. customers to hold and exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. cryptocurrencies two years ago, before enabling crypto merchant payments at the end of March 2021.


  • Uber CEO says company will accept cryptocurrencies as long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. as certain conditions are met
  • Confirmed: eBay to enable NFT trading through its platform
  • eBay CEO explores accepting Bitcoin as a means of payment and is already selling NFT!

Article by Hannah Estefania Perez / DiarioBitcoin

Imagen de DiarioBitcoin

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Alex Coin

Cryptoinvestor. I follow the world of cryptocurrencies. Looking for the most relevant and significant news for you :)

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