eBay Vault to add a digital wallet to support selling NFTs

Jamie Iannone, eBay’s CEO, has announced that the company is studying adding a new method of payment to its platform, which is thought to be crypto payments like Bitcoin, Ethereum, Solana, etc.

“We’re just completing our transition to managing payments where we’re now managing $85 billion of volume on our platform directly, this gives us the ability to open up new forms of payment.”

Iannone noted that eBay has changed its policies last year to make the platform an online marketplace to buy and sell anything, be it physical Cards or digital commodities.

eBay’s Investor Day presentation that shown on Thursday the 10th of March, 2022, the company announced that it will add a new method of payments by integrating a “digital wallet“.

eBay Vault digital fractionalization

the company’s Chief Executive Jamie Iannone said that eBay will promote a new digital platform named the eBay Vault, which will support “digital fractionalization”, which may suggest buying and selling NFTs (non-fungible tokens).

Digital fractionalization can also refer to the ownership of a digital token, where the digital rights of a single NFT can be broken up into small fractions; so that more than a buyer can share the token price and rights.

NFTs-Related Ad: Your Heart Feelings Non-Fungible Token Art Collection

Leave a Reply

Your email address will not be published