E-commerce giant eBay is looking at crypto as a payments option, CEO Jamie Iannone told CNBC Monday.
It could preview the online auctioneer’s return to crypto since abandoning Facebook’s Libra stablecoin project in 2019.
Iannone cited crypto as one form of new payment rails eBay is considering but did not give any specifics. He also said eBay is looking at how to get into the non-fungible token (NFT) game.
“We are currently looking at a number of ways to innovate in this space and we are excited about the underlying capabilities and how blockchain-driven collectibles bring trust and authenticity, key components of a marketplace, to the digital space,” an eBay spokeswoman said in an emailed statement.
Looking at crypto does not equal supporting it, however. Former eBay CEO John Donahue said in 2014 the company was "actively considering" bitcoin integration with then-subsidiary PayPal.
That pledge went nowhere on eBay’s end. Meanwhile, PayPal, now its own company, is gearing up to support limited merchant payments in bitcoin.
“We have no immediate plans, but it is something we are keeping an eye on,” the spokeswoman said of crypto payments.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.