eBay to Add Crypto Payment Option, Leaked Ads Show
- The e-commerce company is a major sponsor of Consensus.
E-commerce giant eBay might add cryptocurrency Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term options on its platform, according to leaked ad images from the annual Consensus crypto event
The images from the conference show that the company is displaying crypto ads with one of the placards reading “Virtual Currency. It’s happening on eBay.”
"Leaked from Consensus, eBay possibly announcing the support of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term on their website." - @PatronsOfTheMoon Telegram. #share#bitcoin#cryptocurrencypic.twitter.com/xqbpdysUic
— wolf (@ImNotTheWolf) May 12, 2019
eBay is one of the major e-commerce platforms on the globe. As displayed on another placard, the platform has around 179 million active buyers around the world, and, with numbers of this scale, if it opens the crypto payments options, it will be a huge boost for the adaptation of the digital currencies.
The website already features a section dedicated to virtual currencies and lists crypto-related products including Bitcoin miners and hardware wallets.
Bringing crypto to the masses
In 2017, the California headquartered tech giant had already evaluated the prospect of adding crypto-based payments options. In an interview, a former executive of the company revealed that eBay is “seriously considering” to accept payments in Bitcoins. However, the company did not follow up on the prospect.
eBay is not the first e-commerce giant to add a Bitcoin payments option. Overstock already jumped on the crypto wagon and added payments option with Bitcoin along with crypto buying and selling services. Many other major tech entities including Microsoft also accept the digital currency.
However, the volatile price of the coin has forced many companies to stop accepting Bitcoins.
As the pictures of eBay’s ads were uploaded on the internet, speculations around them began to gear up. Many have pointed out that former eBay and Paypal executive Sanja Kon has joined crypto payments company UTRUST as its vice president of global partnership and that the e-commerce company might end up partnering with it.
Meanwhile, last week, Paypal’s CFO clarified that is is “too early” for the payment processing giant to offer Bitcoin payments.
E-commerce giant eBay might add cryptocurrency Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term options on its platform, according to leaked ad images from the annual Consensus crypto event
The images from the conference show that the company is displaying crypto ads with one of the placards reading “Virtual Currency. It’s happening on eBay.”
"Leaked from Consensus, eBay possibly announcing the support of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term on their website." - @PatronsOfTheMoon Telegram. #share#bitcoin#cryptocurrencypic.twitter.com/xqbpdysUic
— wolf (@ImNotTheWolf) May 12, 2019
eBay is one of the major e-commerce platforms on the globe. As displayed on another placard, the platform has around 179 million active buyers around the world, and, with numbers of this scale, if it opens the crypto payments options, it will be a huge boost for the adaptation of the digital currencies.
The website already features a section dedicated to virtual currencies and lists crypto-related products including Bitcoin miners and hardware wallets.
Bringing crypto to the masses
In 2017, the California headquartered tech giant had already evaluated the prospect of adding crypto-based payments options. In an interview, a former executive of the company revealed that eBay is “seriously considering” to accept payments in Bitcoins. However, the company did not follow up on the prospect.
eBay is not the first e-commerce giant to add a Bitcoin payments option. Overstock already jumped on the crypto wagon and added payments option with Bitcoin along with crypto buying and selling services. Many other major tech entities including Microsoft also accept the digital currency.
However, the volatile price of the coin has forced many companies to stop accepting Bitcoins.
As the pictures of eBay’s ads were uploaded on the internet, speculations around them began to gear up. Many have pointed out that former eBay and Paypal executive Sanja Kon has joined crypto payments company UTRUST as its vice president of global partnership and that the e-commerce company might end up partnering with it.
Meanwhile, last week, Paypal’s CFO clarified that is is “too early” for the payment processing giant to offer Bitcoin payments.