Author Topic: Ebay: No Plans of Accepting Bitcoin, Cryptocurrencies (Read 1847 times)

Pegasus · « **on:** May 16, 2019, 04:45:16 AM »

eBay has responded to the ongoing rumors that the e-commerce and online auctions website is going to start accepting cryptocurrencies as a payment saying that they have no plans to do so.

eBay to accept cryptocurrency payments? Not Yet!

The rumors started to spread throughout the cryptocurrency industry after photos of the advertisements of eBay the Consensus event went viral. The advertisement read: “ Virtual Currency. It’s Happening on eBay.”

People were linking the current sudden bullish trend in the price of bitcoin to the e-commerce giant and online auctions site preparing to accept cryptocurrency payments.

The adoption of cryptocurrency by eBay which quotes itself as the world’s largest marketplace would have been a great move towards mainstream adoption and thus everyone around the cryptocurrency space was busy discussing the rumor. However, according to a recent report published by Bloomberg, eBay has denied the rumors saying that it has no plans to start accepting cryptocurrency payments.

An eBay spokesman said in the report that cryptocurrency (such as bitcoin) is not accepted as payment on the platform and it is neither the part of their payments strategy.

However, currently, eBay does have a section on the platform which reads Virtual Currency, however, on this section, the users can use fiat currency to buy cryptocurrency from sellers.

Source

Altcoins Talks - Cryptocurrency Forum · « **on:** May 16, 2019, 04:45:16 AM »

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Zed0X · « **Reply #1 on:** May 16, 2019, 01:48:17 PM »

So it was just another fake news to hype bitcoin and crypto?

We'll how the market reacts. If it sustains $7900 - $8000 then the recent pump has nothing to do with the ebay hype

Altcoins Talks - Cryptocurrency Forum · « **Reply #1 on:** May 16, 2019, 01:48:17 PM »

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VladEx · « **Reply #2 on:** May 17, 2019, 12:57:50 AM »

What will happen if Ebay decides to accept cryptocurrencies? The huge pump or what

zilzylian · « **Reply #3 on:** May 17, 2019, 02:49:57 AM »

Ebay is an e-commerese platform such as alibaba and Amazon, if their platform uses crypto for payment, then there will be a large transaction and make a pump on digital coins such as BTC. But for the price of the item you want to buy it matches the dollar exchange rate or the eye other fiat money.