High-profile e-commerce marketplace eBay is reportedly having plans down its pipeline to finalize the integration of crypto payments, as revealed by its Head Jamie Iannone via an interview. 

Specifically, Ebay – one of the longest-running e-commerce marketplaces – is reportedly working towards becoming the preferred platform for Gen Z and Millennials.

As included in the sharing of the CEO via in an interview with The Street, the company is reportedly studying the integration crypto payment options for a while now, with an official announcement could be issued during the upcoming investor’s day on March 10.

During his interview, Iannone additionally disclosed that the e-commerce heavyweight is deep-diving into the transition to new payments modes, since they are currently handling the management of $85 billion of volume on its platform directly.

In terms of  eBay’s point of view regarding emerging technology like  blockchain and cryptocurrencies, Iannone reportedly  pointed toward the increase in popularity of NFTs on its platform, without making any official announcement regarding the similar.

Iannone further claimed that the firm made adjustments to its policies in 2021, to turn the e-commerce platform into a place for purchasing and selling anything, whether a physical or digital commodity. 

The surge in popularity and demand for crypto has reportedly led to the decision to include crypto in the list of viable payment measures from numerous online platforms.

eBay, with its concentration on reeling in the attention of Millennial and Gen Z customers, has similar goals. However, it won’t be the firm’s first foray into crypto payments – as it initially tried integrating BTC payments back in 2014 already.

In May last year, eBay was reportedly deep-diving into Bitcoin payment integration together with NFT trading.