Online marketplace eBay has introduced auctions for nonfungible tokens, or NFTs, to its platform. According to a Reuters report, eBay users who meet certain criteria on the platform will be permitted to list NFTs. The company added that it would expand its policies and tools surrounding digital collectibles in the future. "In the coming months, eBay will add new capabilities that bring blockchain-driven collectibles to our platform," said eBay's North America senior vice president, Jordan Sweetnam. The report comes almost exactly one week after CEO Jamie Iannone said the platform would be "exploring opportunities" to enable NFTs on the platform …

In an August 2020 paper “Is bitcoin money?” Peter Hazlett and William Luther wrote that there exists only “a small corner of the internet where transactions are routinely conducted with Bitcoin serving as the medium of exchange.” But that corner may be growing into a room, or even a house now. “Demand for Bitcoin has certainly grown over the last year,” co-author Luther, assistant professor of economics at Florida Atlantic University, told Cointelegraph in a recent conversation. “As new users find themselves with Bitcoin, and existing users find themselves with more Bitcoin, it’s only natural that more people will consider …

Major online marketplace eBay will be pursuing crypto payment options for its customers along with exploring ways to introduce nonfungible tokens on the platform. In an interview with CNBC today, eBay CEO Jamie Iannone said the company will "continue to look" at payment options like crypto. In addition, he said eBay will be "exploring opportunities" to enable nonfungible tokens, or NFTs, on the platform "in an easy way," comparing the digital offerings to collectibles. “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 …

A blockchain marketplace app is taking on the likes of eBay, Amazon and Depop — and is vowing to give back to buyers and sellers alike. Curate is designed to deliver an all-in-one experience for online shopping. As well as supporting credit and debit cards and transactions via PayPal, purchases can also be made using Bitcoin, Ether and Curate tokens. One of the project’s main goals is to deliver a fairer deal to merchants who are dealing with razor-thin profit margins. Through Curate, a flat 4% commission will be charged on sales — far less than the fees charged by …

The CEO of a crypto-focused e-commerce platform says his company is determined to ensure digital assets can be spent by consumers — and aren’t just tools for speculation. Speaking in a Cointelegraph AMA session on YouTube, DeFi For You’s CEO Adam C. Chaplin set out his vision of taking on the likes of Amazon and eBay. His firm’s goal has been to create an environment where cryptocurrencies are easy to understand, paving the way for them to be used to buy and sell second-hand goods. Pawnbroking, a centuries-old financial practice, is another area where DeFi For You stands out. Chaplin …

Online auction marketplace eBay is teaming up Lolli, a crypto-centric shopping app, to integrate Bitcoin (BTC) rewards for its 127 million users. Lolli announced Wednesday that its users can earn 1% back in Bitcoin when they shop on eBay’s marketplace. The initiative is part of a dual strategy to integrate crypto payments with online marketplaces and to raise awareness about digital assets. Lolli CEO and co-founder Alex Adelman said: “Today, we are proud to partner and make bitcoin more accessible to those users and continue our mission of furthering bitcoin education and adoption.” Matt Senter, Lolli’s chief technical officer and …

Decentralized finance and shopping seem like an unusual combination at first. How can liquidity pools help you save money at the till? But scratch a little deeper and some compelling use cases for DeFi emerge. With the retail sector suffering through one of the most challenging times seen in a generation, here are the main issues facing e-commerce right now… and how DeFi could fix them. A match made in heaven? The likes of Amazon, eBay and Shopify have transformed the way we buy everyday items. Now, anyone can become a merchant — and once exotic products can be delivered …

Chris Maurice, CEO of Nigeria-based crypto exchange Yellow Card, made his first business venture into the crypto space back in 2015, selling Bitcoin (BTC) on eBay. "We did that for about a week and we did over $40,000 in sales at a 100% markup," Maurice told Cointelegraph in an interview. "We were seeing stars at this point," he recounted, describing his euphoria at the time. The CEO first learned about Bitcoin in 2013 through a friend — Justin Poiroux, the co-founder of Yellow Card exchange, although Yellow Card was not formed until later, unrelated to the eBay endeavor. While surfing …

Earlier this month, global payments giant PayPal was rumored to be considering listing crypto assets on its platform, which is estimated to have around 325 million active accounts worldwide. The company is currently hiring crypto and blockchain specialists, meaning that its potential arrival could be more than a wild guess. But what does PayPal’s apparent interest in crypto mean for the industry, and how well does it align with the company’s principles? Two steps forward, one step back PayPal started to take baby steps toward crypto back in 2013. At the time, David Marcus, then-president of the payments company and …

Christmas is just around the corner, which means it’s time to get your holiday shopping out of the way for good. And while online retail giants such as Amazon and eBay have made online purchasing wonderfully simple for the average person, they do not really cater to a growing population of individuals who are looking to use their crypto for digital payment purposes. While a number of startups have entered this space over the last three to four years due to issues relating to market volatility, certain remaining setbacks need to be tackled before the sector can really flourish. But …

How can payment fraud be avoided? Introducing better verification measures can go a long way to protecting consumers. Amazon and eBay are often held up as good examples of how transactions should be handled in the wider economy. These sites often deliver impartial reviews based on the past activities of buyers and sellers, meaning it is easier for consumers to find someone reputable. Measures are also in place to protect both parties if a transaction doesn’t go to plan. A multitrader marketplace called Kuverit is aiming to bring this to the crypto and fiat world alike. The company claims it …

The head of Facebook's Calibra has claimed that the recent withdrawal of the seven companies from the Libra Association has no impact on the project. Dropouts will still be able to work with Libra In an interview with Yahoo Finance on Oct. 15, Calibra’s David Marcus argued that Facebook’s cryptocurrency project is “absolutely not” in jeopardy after PayPal, Visa, Mastercard, Stripe, eBay, Mercado Pago and Booking quit the Libra Association. Marcus emphasized that companies outside the formal association will still be able to offer services on the platform: “One thing that is not well understood is that you don’t need …