Discover what's Ebay Strategy To Enter Into The CRYPTO MARKET #EBAY #NFT #CRYPTO #BITCOIN #BTC #ETH

EBay Might Take Crypto Payments, Already Accepts NFTs
Jamie Iannone says, in a phone interview, the e-commerce platform wants to be the marketplace for Gen-Z and millennials.
The major e-commerce platforms have still not taken the leap of cryptocurrencies. Almost none accept digital currencies as a means of payment.

But it's safe to say the first to do so would become the topic of conversation in the crypto space.

EBay (EBAY) - Get eBay Inc. Report which aims to be the marketplace for Gen-Z and millennials, is studying the possibility of adding cryptocurrencies as possible means of payment. The firm could make an announcement on March 10 during its day dedicated to investors, its CEO Jamie Iannone told TheStreet.

"We're just completing our transition to manage payments where we're now managing $85 billion of volume on our platform directly," Iannone told TheStreet. "This gives us the ability to open up new forms of payment."

"We opened up Google Pay and Apple Pay. We have a partnership with Afterpay in Australia, which is a platform that appeals to Gen Z, and that is a buy now pay later platform on the marketplace," Iannone continued.

"And so we continue to evaluate other forms of payments that we should take on the platform. We don't currently accept cryptocurrency on the platform."

Iannone insists that Gen-Z are a priority target for his platform. For example, he lists the different initiatives taken by eBay to attract this generation of consumers of today and tomorrow. eBay is focusing in particular on transactions related to sneakers, one of its growth categories.

Ebay Lead
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With sneakers, "we're appealing to the younger generation, where they're coming in selling their sneakers, becoming a collectible collector on the platform, and they're building new marketing capabilities," Iannone argued.

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