eBay Could Enable Crypto Payments in Millennials, Gen-Z Shoppers

eBay is planning to attract young buyers to its platform. The US e-commerce website is likely to enable the crypto payments feature soon, to bring more buyers from the millennial and Gen-Z generations to its website. Currently, people aged 18 to 49 make up for the majority of crypto investors, several research reports claimed last year. The firm is said to make an official announcement on March 10.

Jamie Iannone, CEO, eBay spoke about the company’s upcoming intentions during a recent interview with American Financial Publishing. Street,

“We are not currently accepting crypto. On March 10th, we are going to go deeper on all of these things, payments, advertising, our focus categories,” The Street quoted Iannone as saying.

eBay has seen growth NFT Trading on your platform in the last one year. NFTs, or non-fungible tokens, are digital collectibles built on and backed by blockchain,

NFT trading on eBay picked up pace despite the platform not announcing anything officially.

“Even without announcing anything or doing anything, people started trading NFTs on one platform. It reminded me of years ago when people started selling cars when we didn’t even have a vehicle business at the time. So, we’re looking at the same type of thing [with NFT]Ianon said.

eBay’s The management sees its future as a platform where all kinds of goods – physical or digital – are bought and sold.

“We have opened up Google Pay and Apple Pay. We have a partnership with Afterpay in Australia, a platform that attracts Gen Z, and a buy-now-pay-later platform on the Marketplace. We continue to evaluate other forms of payment that we should take on the platform,” said the eBay CEO.

eBay was founded in September 1995 and currently has over 180 million users globally, according to the statistics platform. fundera,

Currently, there is no mainstream e-commerce platform, which includes heroine And Shopify accept crypto payments anywhere in the world, among others.

There are some brands like Elon Musk’s Tesla, Mark Cubans Dallas Mavericks NBA Team, and Movie Hall Series AMC Theater Some of their services in the US accept crypto payments, among others.

Recently, Uber CEO Dara Khosrowshahi It also announced that the cab-hailing major is open to the idea of ​​accepting crypto payments in the future.

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