eBay will start accepting cryptocurrencies. Why does the company need it?

The American trading platform eBay plans to start accepting payments for its goods in cryptocurrency -Perhaps this will be announced on March 10th. What benefits does she see from this and what other companies are interested in cryptocurrency in this regard?

Ebay is thinking about acceptingpayments for goods in cryptocurrency, believing that this will attract younger customers to the trading floor. Now you can pay on eBay using Google Pay and Apple Pay, in addition, the company is developing a partnership with the Afterpay service.

At the same time, the question of the use of cryptocurrency inAs a means of payment, the company has bypassed the company until recently (although some rumors began to circulate back in 2019), but the desire to gain popularity among the millennial generation, obviously, made EBay think about this issue as well. As part of the development of this area, last year on the eBay platform, users had the opportunity to trade non-fungible tokens (NFTs).

Who has already decided to work with cryptocurrency?

EBay is certainly not the first market player tothought about starting to accept cryptocurrency as a means of payment for their goods and services. In 2021, such a decision was made by the Visa payment system, which launched a corresponding pilot project. She also hatched plans to release her crypto card, the owners of which would receive a cashback in bitcoins.

Possibility of making payment transactions withCryptocurrencies were also considered by such giants as Bank of New York, BlackRock and Mastercard. The Uber taxi service can also start accepting digital currency from passengers as payment for rides.

In addition, on the resumption of acceptance of such paymentsElon Musk's Tesla corporation is thinking about its electric cars. Previously, she had already done this, but refused due to the non-environmental nature of the cryptocurrency. Musk later wrote that Tesla would resume selling electric cars for bitcoin when mining became greener.

The largest companies in the world are interested in the cryptocurrency becoming part of their payment system. In this way, they hope to attract a new audience and keep up with the progress.

Author: Dmitry Noskov - expert of the StormGain crypto exchange (platform for trading, exchanging and storing cryptocurrency)

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