The CEO of eBay, the online marketplace, Jamie Iannone has been playing with the idea of cryptocurrency payment options being added to the eCommerce website for a while now. Though that may be the case the firm stopped short of an announcement regarding any moves they’d be making at the 2022 Investors Day on Thursday.
Iannone reiterated instead that the company’s in the midst of exploring “new forms of payment to add” instead. The eCommerce platform did indeed present a slide of its digital wallet which is due in Q2.
A digital wallet is essentially a software program that holds information on payment. Some of these like Apple Pay and Google Pay, for instance, are just meant predominantly for credit and debit cards. Given that, it means instead of using your physical wallet, you can pay via tapping your phone at the point of scale.
Additionally, though, digital wallets can also store private keys that enable people to pay in BTC or even other cryptocurrencies. Many crypto wallets have managed to expand their functionality in order to make it easier to let people view and trade their NFTs.
Now the question is where exactly does eBay stand on all of this? Well, since last year people have had the option to buy and sell NFTs on there, which is long a top destination for any and all connoisseurs of physical collectibles. Iannone has also stressed his intent to go after the younger customers in other ways as well, which would mean moving beyond selling say, sneakers aficionados being sold figurines from a sellers’ basement or similarly trending consumer groups.
Iannone spoke with TheStreet back in February about the marketplace’s addition of both Google and Apple pay, alongside the installment-plan platforms which means it is in fact ready and able to “open up new forms of payment.”
The wait still continues, though.