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 an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.