CEO Jamie Iannone: eBay will be exploring opportunities to enable NFT

E-commerce giant eBay will be pursuing crypto payment options for its customers along with exploring ways to introduce nonfungible tokens on the platform.

“We’re exploring opportunities on how we can enable NFTs on eBay in an easy way,” eBay CEO Jamie Iannone told CNBC on May 3.

“One of the great things about eBay is when there’s a new trend, it just shows up on eBay,” said Iannone. “That’s what we’re seeing in areas like NFT, which we’re looking at how can we explore that better.”

“This is the place that sellers come to get scaled demand,” Iannone said.

EBay reported first-quarter revenue up 42% year-over-year to $3 billion. Gross merchandise value was up 29% year-over-year to $27.5 billion. The company ended the first quarter with 187 million global active buyers up 7% year-over-year and 20 million active sellers, up 8% year-over-year.

The CEO said collectibles have been on eBay for decades and moving NFTs to the platform could be a natural fit. Iannone said NFTs from platforms like NBA Top Shot are already being transacted on eBay.

CEO Jamie Iannone has hinted that eBay could be open to accepting crypto payments. On whether eBay could accept Bitcoin and other cryptocurrencies as payment, Iannone stated that the company has “no immediate plans” to accept cryptocurrencies but is nevertheless “keeping an eye on” it.

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