Ebay's Jamie Iannone discussed the possibility of cryptocurrency acceptance on the online auction website and NFT sales in a recent interview.
with The Street, Ebay CEO Jamie Iannone explained that the NFT sales simply materialized without much thought.
“We did change our policies last year so that you could trade NFT on the platform and essentially, you know, Ebay is a place where people have something to sell and people have something by show up,” Iannone said. “Even without announcing anything or doing anything, people started trading NFTs on the platform. It reminded me of many years ago when people just started selling cars when we didn’t even have a vehicle business at that point.
On March 10, we’re going to go deeper on all of these things, payments, advertising, our focus categories. Ebay continues to be a giant in the world of online sales with $10.27 billion in revenue recorded in 2020. The revenue is large but much smaller than the $386.1 billion Amazon raked in that year. Iannone concluded that Ebay will continue to be a prominent business where people exchange goods online. “Ebay will be the place where people trade goods, whether they be physical or digital,” Iannone explained. “So over time, you know, we want this to be the marketplace for sustainability.
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