Following PayPal’s Foray, eBay Looking to Storm Vibrant Trillion-Dollar Crypto Market

Following PayPal’s Foray, eBay Looking to Storm Vibrant Trillion-Dollar Crypto Market
фото показано с : zycrypto.com

2021-5-4 12:59

E-commerce giant, eBay Inc, has revealed a tentative plan to include crypto payments among its range of payment options for customers.

The world’s 66th most valuable company made this announcement in a CNBC interview with the company’s CEO, Jamie Iannone, who stated that the company has started ‘considering’ the option given the growing demand for seamless crypto commerce across the globe.

With over 180 million customers currently utilizing the platform, eBay is looking to join its former subsidiary PayPal, to capitalize on a growing customer base and innovate around NFTs and crypto.

Last year, the San Jose-based company raked in a fortune from soaring sales, helping over 80% of all small businesses based in economically disadvantaged counties in the US, become international exporters. The giant strides culminated into an additional $3bn gross gain for the e-commerce giant according to its 2021 first-quarter reports.

Despite making a profit, eBay constantly kept its eye on the equally profitable parallel world of crypto which crossed the trillion market capitalization mark in 2020 and minted new Forbes Billionaires and is racing to compete favorably with gold’s $10 trillion markets in the nearest future. 

Many digital payment companies like Visa, Venmo, and PayPal are already allowing top-tier cryptocurrencies like Bitcoin and Ethereum, and stablecoins like USDT for payments on their platforms and it is only plausible that eBay pioneers the class-A e-commerce industry by accepting crypto payments.

With the inclusion of crypto, eBay is looking to ramp up its >$30B market capitalization and gain profitable access to a buzzing, vibrant trillion-dollar market.

Customers in the coming months will be looking to know what type of coins eBay will be accepting and how it plans to handle discounts, shipping fees, and other extraneous costs. 

It still remains unclear, also, how much crypto reserves eBay will purchase as a reserve or the mechanics and technology it will put in place to handle the issue of refunds and ‘crypto-back guarantee’.

However, eBay’s entry into the crypto space represents a fresh dose of validation for all digital currencies and all spectators will have their eyes keen on the way eBay would eventually innovate around NFTs. Would it become another retailer, an exchange platform, or something unheard of within the space? It’s all up to eBay to resolve.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin & Company Network (BITN) на Currencies.ru

$ 3.4E-5 (-0.68%)
Объем 24H $0
Изменеия 24h: 7.68 %, 7d: 5.02 %
Cегодня L: $3.4E-5 - H: $3.4E-5
Капитализация $0 Rank 3624
Доступно / Всего 0 BITN

company crypto ebay interview announcement cnbc made

Источник: zycrypto.com

company crypto → Результатов: 126


Coinbase’s Chief Legal Officer Clears The Air About The Company’s Crypto Ratings Council

Coinbase, a leading crypto-based company offering exchange and digital wallet services in the US has come out to answer concerns regarding its newly established Crypto Ratings Council. The company’s Chief Legal Officer, Brian Brook, responded to questions that the new service could be marred with conflicts of interest, The Block reports. In an interview with […]

2019-10-3 19:43


Visa Is Hiring New Tech Product Manager As Company Is Looking For Crypto And Blockchain Talent

Visa Is Hiring New Tech Product Manager: Company Is Looking For Crypto And Blockchain Talent One of the largest payment service companies in the world, Visa, has recently opened a new job position. This would be pretty usual and not even newsworthy in normal cases, however, the company is seeking someone with crypto and blockchain […]

2019-3-19 23:24


Фото:

Samsung’s Upcoming Flagship Smartphone Could Feature a Cryptocurrency Wallet

As one of the most popular smartphone brands today, the possible new features of Samsung’s upcoming batch of gadgets are among the hottest topics within tech circles. Set to launch next month, the company’s newest flagship phone called the Samsung Galaxy S10 might offer an exciting feature specifically targeting the crypto crowd – a built-in cryptocurrency […] Samsung’s Upcoming Flagship Smartphone Could Feature a Cryptocurrency Wallet was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

2019-1-25 20:59


Фото:

Top Officials at Two Korean Cryptocurrency Exchanges Face Fraud Indictments

Several of South Korea’s top crypto exchanges have found themselves in hot water, with executives at a couple of exchanges facing criminal charges and jail time. According to a news report on the Korean website Blockinpress, the CEO of Komid, a Korean crypto exchange, has received a three-year prison sentence for committing fraud against investors by artificially inflating the exchange’s actual trading volume.

2019-1-23 00:57


Фото:

Analyst: Bitcoin to Bottom Out At Below $3,000 But it Could Easily Achieve 6-Figure Price

Crypto’s most fervent diehards have often been lambasted for their Bitcoin (BTC) price forecasts. Blockchain project promoter John McAfee, the eccentric millionaire behind the cybersecurity company that shares his surname, called for BTC to surpass $1 million by 2020’s end, claiming that he would consume his family jewels if the prediction doesn’t come to past.

2019-1-22 18:00


Фото:

Crypto Garage and Blockstream Receive First Ever Regulatory Approval to Test Japanese Yen Stablecoin

Crypto Garage, a subsidiary of the Japanese IT company Digital Garage, Inc, announced on January 21, 2019, that it would test issuance of JPY stablecoins on their SETTLENET platform. The Stablecoin Euphoria Expands to Japan The blockchain fintech company will pilot a delivery versus payment settlement service between JPY tokens and digital assets in a project fully authorized under the.

2019-1-22 14:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Price Takes a Sharp Dip: Is This Just a Correction?

Bitcoin price is correcting gains from the $73,500 zone. BTC is back below the $70,000 level and showing a few bearish signs. Bitcoin started a fresh decline from the $73,500 zone. The price is trading below $71,500 and the 100 hourly Simple moving average.

Bitcoin Price Nears All-Time High: Can It Push Past the Mark?

Bitcoin price is rallying above the $72,000 zone. BTC is up over 5% and it could soon aim for a new all-time high above $73,500. Bitcoin started a fresh increase above the $70,000 zone. The price is trading above $70,500 and the 100 hourly Simple moving average.

Bitcoin Price Rallies Above $70K: Is a New High Within Reach?

Bitcoin price is rallying above the $70,000 zone. BTC is up over 5% and it could soon aim for a move above the $72,000 resistance zone. Bitcoin started a fresh increase above the $68,000 zone. The price is trading above $70,000 and the 100 hourly Simple moving average.

Bitcoin Price Targets Gradual Rise: Will the Uptrend Hold?

Bitcoin price is attempting a fresh increase above the $67,000 zone. BTC could gain pace if it clears the $68,750 resistance zone. Bitcoin started a fresh increase from the $65,500 zone. The price is trading above $67,200 and the 100 hourly Simple moving average.

Bitcoin Price Eyes Further Gains: Can It Keep Climbing?

Bitcoin price is attempting a fresh increase above the $37,000 zone. BTC could gain pace if it clears the $68,800 resistance zone. Bitcoin started a fresh increase from the $65,200 zone. The price is trading above $67,500 and the 100 hourly Simple moving average.

Bitcoin Price Could Reignite Uptrend: Is a New Surge Coming?

Bitcoin price tested the $65,200 zone before the bulls appeared. BTC is now rising and aiming for more upsides above the $67,500 resistance. Bitcoin extended losses and tested the $65,200 zone. The price is trading below $67,500 and the 100 hourly Simple moving average.