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Ebay will offer loans to businesses and let people to sell NFTs

Ebay Inc will help small business to survive through Covid 19. This program ( Capital for eBay Business Sellers) announced in UK to give businesses sellers access to funding ranging from GBP 500 to 1 million.

“ With 300,000 UK small businesses trading on eBay, this proposition will help them reinvest , protect jobs and succeed, even as the government’s support schemes dry up.” According to Murray Lambell, the GM of eBay UK.

At the same time, eBay will let NFTs traded on its platform . The categories will be trading card, art , music and entertainment . In the future, the company would expand its policies and tools for more digital products.

The NFTs will still be traded on the platform using PayPal account or a regular credit card but not cryptocurrency.

#eBay #NFT #Businessloan #Fintech

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