DOGECOIN : eBay To Accept Cryptocurrency!!
E-commerce platform Ebay said it is considering the acceptance of crypto payments to attract gen-Z and millennial users, the Street reports. An announcement could be made on March 10, Ebay’s investor day. In a telephone interview, Ebay CEO Jami Lannone said that the young demographic was a priority target for the platform.
He added that the platform was focusing on transactions related to collectible sneakers, a growing trend. The firm had approved the trade of NFTs on its platform last year, tapping into their meteoric rise in popularity. But it, and most major e-commerce platforms, do not allow the use of crypto for payments.
Ebay would join a growing list
Payment gateway Paypal allows its users to transact in crypto, while online retailer Overstock accepts payments in Bitcoin. Theatre operator and retail stock darling AMC accepts online payments in crypto, as does streaming site Twitch.
Crypto’s growing popularity has fueled speculation over widening its use for payments. Last year, electric car maker Tesla had made headlines when CEO Elon Musk said the company would accept payments for its cars in Bitcoin. Although the system was suspended a few months later, due to environmental concerns, Musk has been a vocal proponent for crypto adoption.
Recently, Tesla said its supercharging station would accept Dogecoin as payment. Tesla merchandise is also purchasable through Doge. Still, crypto regulation on a global scale is still in its nascent stages. China, once a leader in mining, has outright banned cryptos, while most developed nations have little to no regulations that recognize the space. El Salvador remains the only country to accept Bitcoin as legal tender.
That news coming possibly on March the 10th, there’ll be something to kind of keep an eye on, not just for DOGE. because if they accept several different types of cryptocurrency and they’re trying to target the gen-Z crowd, which is a younger crowd, and they’re probably going to target some of the most popular that’s in the marketplace.
Dogecoin currently number 13 on CoinMarketCap. The price of Dogecoin $0.1334 with trading volume $837,435,442.70.