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Home Business

eBay permissive towards use of Cryptocurrencies in the future

by Web Desk
May 4, 2021
in Business, Economy, Finance, New
Reading Time: 1 min read
0
eBay
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The company said on Monday, eBay Inc is open to the possibility of accepting cryptocurrency as a form of payment in the future and is looking at ways to get non-fungible tokens (NFTs) on its platform.

A growing number of companies have begun to accept virtual currencies as a form of payment, taking an asset class that had been shunned by major financial institutions a few years ago, a step closer to becoming mainstream.

Tesla Inc is already accepting bitcoin as payment for its electric cars, while payments giant PayPal last year started allowing customers to buy, sell and hold cryptocurrencies using its online wallets.

“We are always looking at the most relevant forms of payment and will continue to assess that going forward. We have no immediate plans, but it (cryptocurrency) is something we are keeping an eye on,” eBay said in a statement to Reuters.

Tags: CryptocurrencyDigital CurrencyEbayNFTsPayPalTesla
Web Desk

Web Desk

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