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eBay is open to accept Cryptocurrency-Social Pakora
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eBay is open to accept Cryptocurrency

eBay is going to accepting cryptocurrency as a form of payment in the near future. They get Non-Fungible tokens (NFT’s) on their company, said on Monday. eBay is open to accept Cryptocurrency.

A number of companies are looking up to accept virtual currencies as a form of payment. They are willing to one step closer to the mainstream.

Elon Musk’s Tesla Inc is already accepting bitcoin for its electronic cars, and at the same payment giant. PayPal already allows to their customers to buy, sell and hold cryptocurrencies on its own wallet last year.

eBay is open to accept Cryptocurrency

Jamie Iannone eBay’s Spokesperson’s Said:

“We are always looking at the most relevant forms of payment and will continue to assess that going forward. We have no immediate plans, but it (cryptocurrency) is something we are keeping an eye on,” eBay says in a statement to Reuters.

In an interview with CNBC, Chief Executive Officer Jamie Iannone said that accepting virtual currency was an option the company was looking at.

“We’re exploring opportunities on how we can enable it (NFTs) on eBay in an easy way,” Lannone said on CNBC. “Everything that’s collectible has been on eBay for decades and will continue to be for the next few decades.”

What Is Cryptocurrency?

A cryptocurrency is a digital or virtual currency that is secure by cryptography, which makes it nearly impossible to counterfeit or double-spend. Cryptocurrency is decentralized digital money, based on blockchain technology. You may be familiar with the most popular versions, Bitcoin and Ethereum, but there are more than 5,000 different cryptocurrencies in circulation, according to CoinLore.

A defining feature of cryptocurrencies is that they are not issued by any central authority, rendering them theoretically immune to government interference or manipulation.

Bitcoin:

Bitcoin is the first block-chain cryptocurrency, which still remains and popular and most valuable. First time In 2009 an individual group pseudonym Satoshi Nakamoto introduced Bitcoin. As part of the implementation, Nakamoto also devised the first blockchain database.

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