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eBay says open to accepting cryptocurrencies | The Specific Tribune

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WASHINGTON:

EBay Inc is open to the opportunity of accepting cryptocurrency as a type of cost sooner or later and is methods to get non-fungible tokens (NFTs) on its platform, the corporate mentioned on Monday.

A rising variety of firms have begun to just accept digital currencies as a type of cost, taking an asset class that had been shunned by main monetary establishments a number of years in the past, a step nearer to turning into mainstream.

Tesla Inc is already accepting bitcoin as cost for its electrical vehicles, whereas funds big PayPal final yr began permitting clients to purchase, promote and maintain cryptocurrencies utilizing its on-line wallets.

‘Britcoin’ not bitcoin? UK considers digital forex

“We are always looking at the most relevant forms of payment and will continue to assess that going forward. We have no immediate plans, but it (cryptocurrency) is something we are keeping an eye on,” eBay mentioned in an announcement to Reuters.

In an interview with CNBC, Chief Government Officer Jamie Iannone mentioned that accepting digital forex was an choice the corporate was .

EBay, which dissatisfied buyers with a weak second-quarter revenue forecast final week, mentioned it was a “number of ways” to get into the NFT house.

NFTs, a kind of digital asset that exists on a blockchain, have exploded in recognition this yr, with NFT artworks promoting for hundreds of thousands of {dollars} and musicians such because the Kings of Leon rock group embracing them for his or her newest album.

Bitcoin rises 6.54% to $57,098.08

“We’re exploring opportunities on how we can enable it (NFTs) on eBay in an easy way,” Iannone mentioned on CNBC.

“Everything that’s collectible has been on eBay for decades and will continue to be for the next few decades.”

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