EBay Looking into NFTs, May Accept Crypto Payments

EBay (NASDAQ:EBAY) CEO Jamie Iannone indicated his company is investigating the offering of non-fungible tokens or NFTs as it looks to support new categories. In an interview on CNBC today, Iannone had this to say about the potential for NFTs:

“We are looking at it and exploring opportunities as to how we can enable it on EBay in an easy way. When you think about collectibles, everything that is collectible has been on EBay for decades and will continue to be for the next few decades.”

Questioned about accepting crypto as a form of payment, Iannone did not rule it out stating they already accept various forms of digital payments such as Apple Pay and Google Pay.

During Q1 2021, EBay did a billion dollars in collectible transactions and thus it is a material category for the company. EBay would be hard-pressed to ignore the fast-moving digital collectible sector that has boomed in recent months. EBay currently reports 187 active million buyers having increased this amount by 13 million versus year prior quarter.

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