Bitcoin to ebay
The acceptance of cryptocurrency in the marketplace may get a huge boost from eBay as the online auction giant considers accepting Bitcoin. There are only a handful of websites that have become a verb, being synonymous with a specific activity. As of now, eBay does not accept any cryptocurrency as a payment option. It currently takes PayPal, credit cards, and debit cards.
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- Business Tech
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A senior eBay executive has said that they are considering accepting Bitcoin as a payment method. In recent weeks the value of the cryptocurrency has been very much in the news as it has soared at an extraordinary rate. Bitcoin has increased in value significantly in the past month or so. So it is hardly surprising that eBay would want to take advantage and get involved with what does look like a bit of a gold rush. Many pundits have cautioned that this is a bubble that must inevitably burst but there are dissenting voices.
Some investors and experts expect Bitcoin to continue to prosper with good returns expected for those who take a punt. Perhaps the most critical consideration is about how sellers would take payment if such a thing came to pass. It seems unlikely that a seller would be paid in Bitcoin most will want tangible cash after all. So will eBay shoulder the risk? It seems likely that eBay would take the cryptocurrency, and potentially hold it and enjoy the potential gains, whilst sellers will get traditional currency as payment.
But perhaps eBay merchants could opt to accept Bitcoin if they wished? Such questions perhaps explain their reticence when it comes to accepting Bitcoin. It is really rather risky when considered from a sober, corporate viewpoint. This is interesting - to be honest, any potential move away from the disaster that is paypal will be welcomed by myself.
Im not clear that Bitcoin is the way forward, though, and issues such as risk need to be considered, but yes, please, ebay, stop the paypal monopoly in the United Kingdom! Bitcoin maybe not. Bitcoin cash or Litecoin would work a lot better. Cryptocurrency has well and truly hit mainstream! As usual ebay are focusing on the wrong things. Ebay are constantly re-arranging the deckchairs on the Titanic. Merry Christmas! This kind of fake rumor, regularly spread by BTC activists, is misleading investors.
Now eBay. Pigs will fly first Come on, raise the standard of reporting a bit and stop misleading investors this is mis-selling by spreading false rumors! Yes a direct quote from a named source is clearly Tamebay being sensationalist. He's probably not qualified to comment on whether Disney or Amazon are planning to accept BTC, but if he says "ebay are seriously considering", you can take that as ebay are seriously considering.
My gut feeling is there is a big crash coming to Bitcoin - I feel that the current boom is down to marketing and bitcoin being promoted pretty much everywhere and flaunted as an "Investment" Personally I'm avoiding it like the plague and hoping for those that have invested that I'm wrong.
But how many investments come up as adverts on Facebook, google etc that are actually a good idea? Someone is pumping a lot of money into promoting bitcoin as an investment I cant see the motives being good and wanting to make people money or you would spend the marketing money on buying into bitcoin yourself.
Northumbrian - exactly - I was reading last night that some people are re-mortgaging their house to invest in bitcoin! All well and good while its on the up but when the big investors start pulling their money out it will drop like a stone and it will be a scramble to avoid being the last one out.
Ahhh, the payment method beloved of drug-dealers. So now, they'll be able to launder their money through eBay. I can't imagine the complication of the currency derivate department at eBay should they consider accepting such a volatile 'currency' such as Bitcoin as a method of payment.
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eBay to allow Bitcoin sales in 'virtual currency' category
Paypal subsidiary Braintree has started working on ways to process payments using the Bitcoin virtual currency. The work is due to be completed within "the coming months", said Braintree boss Bill Ready in a conference speech. It means that firms such as Uber and Airbnb, which use Braintree as a payment processor, will also be able to accept bitcoins. So far, there is no indication that bitcoins will be accepted directly by Paypal and eBay.
How to Sell Bitcoins on eBay Without Getting Fleeced? Use FedEx
Expert insights, analysis and smart data help you cut through the noise to spot trends, risks and opportunities. Sign in. Accessibility help Skip to navigation Skip to content Skip to footer. Become an FT subscriber to read: Ebay to expand the range of digital currencies it accepts Leverage our market expertise Expert insights, analysis and smart data help you cut through the noise to spot trends, risks and opportunities. Join over , Finance professionals who already subscribe to the FT. Choose your subscription. Trial Try full digital access and see why over 1 million readers subscribe to the FT. For 4 weeks receive unlimited Premium digital access to the FT's trusted, award-winning business news.
Buy eBay gift card with bitcoins or 100 altcoins
What do you think? Are bitcoins the real deal? When queried, an eBay spokeswoman said the company has not changed its payment policies. The post indicates that one of the largest e-commerce vendors is taking notice of Bitcoin, which has seen growing traction with smaller online merchants but has been hampered by ongoing concerns over regulation.
eBay Is Rumored to Start Accepting Crypto Payments
O is open to the possibility of accepting cryptocurrency as a form of payment in the future and is looking at ways to get non-fungible tokens NFTs on its platform, the company said on Monday. A growing number of companies have begun to accept virtual currencies as a form of payment, taking an asset class that had been shunned by major financial institutions a few years ago, a step closer to becoming mainstream. O last year started allowing customers to buy, sell and hold cryptocurrencies using its online wallets. We have no immediate plans, but it cryptocurrency is something we are keeping an eye on," eBay said in a statement to Reuters. EBay, which disappointed investors with a weak second-quarter profit forecast last week, said it was looking at a "number of ways" to get into the NFT space.
Bitcoin exchange owner who helped scam eBay buyers sentenced to 10 years in prison
The company hasn't yet made a decision, and is waiting for the regulatory framework to become clearer before it makes a final call, the sources told CNBC. A spokesman for eBay said: "The growth of alternative currencies like bitcoin have the potential to be disruptive technologies but they are all still in the early stages of development. We're closely following this area and look forward to seeing how it develops. Read more : Two Vegas casinos to accept bitcoin. The company's interest in the digital currency is documented.
PayPal Unit Reportedly in Talks to Accept Bitcoin
The e-commerce firm is also exploring ways to get in to the business of non-fungible tokens NFTs , Lannone said. Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. A welcome email is on its way.
India is headed towards one of its worst economic crises in 30 years, with all projections pointing towards negative GDP growth in However, over the last two months, local bitcoin trading, especially on peer-to-peer crypto exchanges , has reached record-breaking volumes. As a result, bitcoin BTC volumes traded in India have surpassed the spike of December , when the digital currency was enjoying a bull run globally. This is the highest for any platform in the country, ahead of closest peer LocalBitcoins.
The ad has even prompted some media outlets to pile on that the stolen eBay data is now for sale. But a cursory examination of the information suggests that it is almost certainly little more than a bid to separate the unwary from their funds. There is a surprisingly simple method for determining the validity of these types of offers. Most Web-based businesses allow one user or customer account per email address, and eBay is no exception here. I took a random sampling of five email addresses from the 12, users in that file, and tried registering new accounts with them. The outcome? Success on all five.
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