eBay “Seriously Considering” Accepting Bitcoin Payments
Published 8 months ago by Maryam Manzoor
Popular e-commerce platform eBay has been observing the recent crypto craze, and is now considering offering clients the option of Bitcoin (BTC/USD) payments, according to a senior company executive. In an interview with Yahoo Finance, Scott Cutler, senior vice president of eBay Americas, said his company is looking into the prospect of adding Bitcoin payments to their platform, but so far no definite steps have been taken..
“This is a trend that everybody is talking about, but sadly, at eBay, we don’t currently accept Bitcoin as a form of payment,” said Cutler. However, that eBay is currently mulling over the possibility of Bitcoin payments is a testament to the fact that cryptocurrencies are gradually beginning to establish a firmer foothold in the mainstream..
Prominent among these is Overstock, which started accepting Bitcoin back in 2014, and is currently one of the first major retailers to have started accepting multiple cryptocurrencies – Ethereum (ETH/USD), Litecoin (LTC/USD), Bitcoin Cash (BCH/USD) and Dash (DASH/USD) – as payment, following a collaboration with ShapeShift earlier this year in August. In addition, popular mobile payments app Square has also rolled out a new feature which allows users to purchase and hold Bitcoin, with CEO Jack Dorsey claiming there is “nothing more impactful to our business than digital currency.”.
However, while the popularity of Bitcoin is on the rise, several persistent issues are keeping many businesses away, namely transaction delays, increasingly high fees, and of course lack of regulation and government acceptance. Top video game distribution platform Steam also recently announced that it was going to stop accepting Bitcoin payments, citing price volatility, network delays, and rising transaction fees as the key reasons behind the move..Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full
Central Bank of Malaysia Believes Blockchain is “Next Frontier,” but Warns Against Criminal Activity with Cryptocurrency
More and more countries are looking into the regulation of cryptocurrency as we’ve seen with the recent news about FINMA Investigating ICOs, the SEC’s Cyber Unit to watch for ICO “misconduct,” and ... Read More
SmartBillions – How a Honeypot Attempt Turned into the Exposure of a Scam
The team placed 1,500 ETH into their smart contract and challenged any user to break into it and collect the stored funds. The SmartBillions project is a self-proclaimed “blockchain lottery” that w ... Read More
Gaze Coin Launches World’s First ‘VR Ad-Tech’ Blockchain Token that Monetizes ‘Gaze’ Eye Tracking
Blockchain virtual and augmented reality monetization platform Gaze Coin has announced the launch of the world’s first blockchain ‘Ad Tech’ token for VR/AR based entirely on gaze control and eye tr ... Read More
Goldman Sachs Responds to Customers Demanding Cryptocurrency Services
Goldman Sachs is looking into a new trading operation involving both its currency-trading division and the bank’s strategic investment group dedicated to cryptocurrencies. Regardless of how they in ... Read More
Suspicious ICO Activity from Oxycoin Revealed After ARK Price Fluctuations
Originally, the sell-off was reported by reddit user /u/da1mike who posted a message from Slack that claimed that the project was slowly selling off all of the ARK that they received during the ICO ... Read More