EBay Plans To Enable Crypto Payments And Break Into NFT Market


Zero Hedge: With eBay shares sinking on lackluster earnings guidance from the company’s latest quarterly report released last week, CEO Jamie Iannone decided to spice things up by revealing in the middle of an interview on CNBC that the auction giant was looking into enabling payment in cryptocurrency. He also revealed that eBay is “exploring opportunities” on how to enable selling of NFTs, which have revolutionized the sports memorabilia business.

“They will throw their silver into the streets, And their gold will be like refuse; Their silver and their gold will not be able to deliver them In the day of the wrath of the LORD …”

According to media reports, eBay originally started considering accepting Bitcoin for payments back in 2013, and there have been rumors since, but eBay has been much slower to embrace crypto than its former subsidiary, PayPal, which enabled customers to hold and trade crypto last year.

In a sign that investors might finally be catching on to executives jawboning their shares with talk of crypto-payments, eBay shares are languishing near their lows of the session.

If eBay does follow through with its plans, it would mark the latest US company after former partner PayPal, Square and Tesla all embraced crypto payments, among other firms.

Still, Iannone’s abrupt announcement elicited praise from some investors on twitter. Read More