EBay Wanting into NFTs, Could Settle for Crypto Funds

EBay (NASDAQ:EBAY) CEO Jamie Iannone indicated his firm is investigating the providing of non-fungible tokens or NFTs because it appears to be like to assist new classes. In an interview on CNBC immediately, Iannone had this to say in regards to the potential for NFTs:

“We’re taking a look at it and exploring alternatives as to how we will allow it on EBay in a simple means. When you consider collectibles, every part that’s collectible has been on EBay for many years and can proceed to be for the following few many years.”

Questioned about accepting crypto as a type of fee, Iannone didn’t rule it out stating they already settle for varied types of digital funds reminiscent of Apple Pay and Google Pay.

Throughout Q1 2021, EBay did a billion {dollars} in collectible transactions and thus it’s a materials class for the corporate. EBay can be hard-pressed to disregard the fast-moving digital collectible sector that has boomed in latest months. EBay presently reviews 187 lively million consumers having elevated this quantity by 13 million versus yr prior quarter.