eBay CEO Jamie Iannone’s latest feedback about cryptocurrency, as cryptic as they had been, caused a stir. Monday’s CNBC interview was not the primary time eBay expressed curiosity in crypto, however along with the CEO’s feedback about NFTs, it led to hypothesis about eBay’s plans.
Iannone told CNBC that as eBay rolls out managed funds, it’s increasing the varieties of funds it accepts together with Apple Pay and Google Pay, which supplies extra selection for consumers. “We’ll proceed to have a look at different choices like cryptocurrency.” (Apple Pay and Google Pay are digital wallets that permit customers to pay with numerous cost strategies.)
“You recognize, one of many nice issues about eBay is when there’s a brand new pattern, it simply reveals up on eBay,” he continued. “That’s what we’re seeing in areas like NFT, which we’re how can we discover that higher.”
Requested if these feedback indicated eBay was stepping into the NFT enterprise, Iannone mentioned eBay was it and exploring alternatives for the way they might allow it on eBay in a straightforward manner. “There’s components which are already transacting on eBay,” he mentioned; eBay is how one can take out friction from the expertise.
You’ll be able to learn extra about NFTs (non-fungible tokens) in this article for online sellers in EcommerceByts Replace from final month.
eBay had embraced cryptocurrency in in 2019 when Fb helped launched the Libra initiative, later rebranded Diem, however like another founding members, eBay backed out later that year, saying that whereas it extremely revered the imaginative and prescient of the Libra Affiliation, “Right now, we’re targeted on rolling out eBay’s managed funds expertise for our prospects.”
It’s most likely tough for an organization to confess they’re not cryptocurrency and NFTs given the extent of curiosity and as firms like PayPal, eBay’s former funds subsidiary, has already launched Checkout with Crypto. Iannone spoke solely in generalities about eBay’s plans or progress in crypto or NFTs within the CNBC interview.
Ina Steiner
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She’s a extensively cited authority on market promoting and is creator of “Flip eBay Information Into {Dollars}” (McGraw-Hill 2006). Her weblog was featured within the guide, “Running a blog Heroes” (Wiley 2008). Observe her on Twitter at @ecommercebytes and ship information tricks to ina@ecommercebytes.com.
