íàçâàíèå

EBay Ads Tell World It Will (Finally) Accept ‘Virtual Currency’

EBay Ads Tell World It Will (Finally) Accept ‘Virtual Currency’

Cryptocurrency users were celebrating fresh rumors about a major adoption push this week after hints suggested eBay might accept Bitcoin and altcoins.


eBay: ‘Virtual Currency Is Happening’

According to photographs of marketing material from the ongoing Consensus 2019 conference in New York, eBay, which has 180 million users, is actively pursuing crypto payments.

One of the annual events major sponsors this year, it would appear the giant online marketplace is deliberately targeting attendees imagination.

Virtual Currency. Its happening on eBay, one placard reads, without giving any further information.

The choice of slogan worked; after the photographs went online, social media and mainstream media alike ignited a debate which continues to engulf the cryptocurrency community.

Theories range from Bitcoin acceptance to even an exclusive deal with Binance Coin, the native token of cryptocurrency exchange Binance.


‘Just’ A Third Party Deal?

As Australian news magazine Micky notes, however, the reality could be somewhat more sober: eBay, it suggested, may be partnering with a payments platform that accepts various cryptocurrencies on behalf of merchants and pays them in fiat.

That platform is UTRUST, a company which last September gained former eBay and PayPal executive Sanja Kon to front its global partnership expansion.

Its not hard to imagine that one of the first partnership Kon would attempt to make would be at the company she was a senior executive at for five years, the publication wrote, likewise linking to social media.

UTRUST supports Bitcoin, Litecoin and Ripple among various other coins, while also spawning its own native token, which would likely feature in any form of acceptance deal.

Executives have yet to comment on the latest rumors, which follow a period of rapid expansion for the startup, the user wallet for which remains in beta testing.

Im constantly fascinated by how technological innovation impacts our daily lives, and in particular, the rapid evolution of crypto payments, Kon said at the time she joined UTRUST.


No Joy From PayPal

Kons enthusiasm for crypto meanwhile appears increasingly at odds with her old employer. As Bitcoinist reported last week, PayPal remains decidedly pro-Blockchain but hands-off on Bitcoin.


We have teams working on blockchain and cryptocurrency as well, and we want to take part in that in whatever form that takes in the future I just think its a little early on right now, CFO John Rainey told Yahoo! Finance in an interview.

EBay has nonetheless hinted about its interest for a long time, with rumors of Bitcoin acceptance likewise coming in December 2017, when the cryptocurrency hit its peak of $20,000.

What do you think about eBay potentially accepting cryptocurrency? Let us know in the comments below!

Images via Shutterstock

The post EBay Ads Tell World It Will (Finally) Accept ‘Virtual Currency’ appeared first on Bitcoinist.com.

13.05.2019 / 01:20 23
eBay to Start Accepting Crypto? Community Stirred by Unconfirmed Twitter Rumours eBay to Start Accepting Crypto?
Photos have leaked from preparations for the coming Consensus 2019 conference that eBay, one of the sponsors, might hint that the company plans to
You Can Now Buy An Entire ICO Project for $60,000….on EBay You Can Now Buy An Entire ICO Project
Timing, so they say, is everything. Certainly if you want to cash in on an investment bubble it is. And once the bubble bursts? You’re already too
Crypterium to Allow Its Users to Shop on eBay, Refill PayPal and Bank Accounts With Cryptocurrencies Crypterium to Allow Its Users to Shop
In recent months, reports have emerged stating that PayPal, the leading online payments provider may be making a move in favor of cryptocurrencies.
Ethbay is Revolutionizing the Online Marketplace Industry Ethbay is Revolutionizing the Online
Ethbay is the newly launched blockchain based platform that aims to disrupt the traditional online marketplaces using the power of decentralization.
#PaywithLitecoin (LTC) Campaign Places Amazon, Ebay, Apple, 7 Others In Top 10 Most Requested #PaywithLitecoin (LTC) Campaign Places
The #Paywithlitecoin campaign is trying hard to make Litecoin relevant and adopted by big companies in the world. At the inception of the campaign,
“If Only I’d Invested in Ebay…” There’s Now a Second Chance, with the ‘New Ebay of the Cryptoworld’ – Keyrpto’s ICO Is Now Live “If Only I’d Invested in Ebay…” There’s
[b]KEYRPTO  is a revolutionary blockchain-based e-commerce platform which allows small businesses to sell their products & services using any
Comments (0)
Add a comment
Comment on