eBay open to crypto payments and NFTs — what you need to know

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eBay open to crypto payments and NFTs — what y'all need to know

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Cryptocurrency and NFTs are hot trends right at present, and internet giant eBay may exist getting in on the activeness in the nigh future.

Speaking to Reuters, eBay confirmed that it was open to the idea of accepting cryptocurrency payments in the time to come, and is exploring the concept of NFTs. Though at that place are no announcements to be made correct now.

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Cryptocurrencies are nothing new, only more and more companies take started accepting them in recent times. Tesla made a big testify when it started to let customers purchase and sell its cars using Bitcoin, while one-time eBay partner PayPal launched its own crypto wallet last twelvemonth.

eBay may non be making any announcements, but the retailer told Reuters that it was "always looking at the near relevant forms of payment, and volition proceed to assess that going forward". With the growing popularity of Bitcoin and other digital currencies, it would be surprising if eBay weren't seriously considering integrating them into its payment options.

It would also exist a big step forward for the legitimacy of crypto transactions. After all, eBay is a big company that'south been effectually almost as long as the net. It'south not an Amazon or a Walmart, but it's still a very large deal.

Equally for NFTs, which are the new blockchain fad, eBay has confirmed it'due south looking into adding sales of not-fungible tokens to its site. For those that don't know, NFTs are a way to "own" a piece of digital content, and lots of companies take been trying to spring on the bandwagon and get involved in recent weeks.

Conspicuously, eBay is able to come across an opportunity hither, and may well endeavour and position itself as 'the place' to buy and sell NFTs at some point. Whatever your thoughts on NFTs, information technology's obvious people are willing to spend large amounts of money on them.

Who knows, maybe next fourth dimension you purchase a pic of a PS5 for $600, information technology'll cease up existence an NFT rather than an elaborate scam.

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Tom is the Tom'south Guide'due south Automotive Editor, which ways he tin usually be found knee joint deep in stats the latest and best electrical cars, or checking out some sort of driving gadget. It's long way from his days as editor of Gizmodo UK, when pretty much everything was on the table. He'southward unremarkably found trying to squeeze another giant Lego set onto the shelf, draining very big cups of coffee, or complaining that Ikea won't allow him purchase the stuff he really needs online.

Source: https://www.tomsguide.com/news/ebay-open-to-crypto-payments-and-nfts-what-you-need-to-know

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