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BREAKING NEWS: ebay To Accept Cryptocurrencies?

eBay is readying support for “#virtual #currencies” and “digital collectables” if new promotional #adverts are to be believed. Spotted at the #Consensus #conference in New York, the banners suggest #eBay is about to enter the #cryptocurrency arena in what would be a major #mainstream #breakthrough.

eBay cryptocurrencies

Telegram channel Patrons of the Moon shares images of eBay’s New York cryptocurrency advert.

“VIRTUAL #CURRENCY. IT’S HAPPENING ON EBAY”

The images, first leaked on #Telegram channel @PatronsOfTheMoon, have yet to be to confirmed by #eBay. But if they are #legitimate, it could open up #cryptocurrencies to 180 million active buyers.

The bidding marketplace may also be eying the digital #collectables market, made famous by #Cryptokitties in late 2017. The potential of digital #collectables was made real by #Ethereum, for the first time offering a platform for truly unique, one-of-a-kind digital #assets.

As a hub for collectable items and #auctions, eBay is a natural #mainstream platform for the future of #digital #collectables.

wolf@ImNotTheWolf

“Leaked from Consensus, eBay possibly announcing the support of cryptocurrencies on their website.” – @PatronsOfTheMoon Telegram.

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HOW WILL CRYPTOCURRENCIES WORK ON EBAY?

While there is no official #statement on its crypto #plans, the #marketplace has been widely linked to #bitcoin payment gateway #UTRUST.

UTRUST hired former #eBay and #PayPal executive Sanja Kon as VP of Global #Partnerships in 2018. So a partnership between UTRUST and eBay would be a logical #conclusion.

UTRUST

@UTRUST

We are excited to announce that we have a new team member. The former @PayPal and @eBay executive Sanja Kon joins @UTRUST, as VP of Global Partnerships.

Read more:https://medium.com/@UTRUST/crypto-payment-platform-utrust-taps-former-paypal-and-ebay-executive-sanja-kon-as-vp-of-global-19189d36083a 

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In a statement at the time, UTRUST said:

“Sanja’s experience at PayPal and eBay makes her the perfect person to help UTRUST drive merchant adoption of our crypto-payments platform… We anticipate that she will be a key driver in elevating UTRUST’s brand in the crypto-commerce space and ultimately the future of online payments industry.”

EBAY IS “SERIOUSLY CONSIDERING” CRYPTO PAYMENTS

The e-commerce #marketplace has had an eye on crypto #payments since the tail end of 2017. As reported at the time, senior vice president of #eBay #Americas Scott #Cutler said the #company was “seriously considering” #adopting bitcoi#payments.

“This is a trend that everybody is talking about, but sadly, at eBay, we don’t currently accept bitcoin as a form of payment,” Cutler said. “We’re seriously considering it as these cryptocurrencies become more of a mainstream” payment instrument, but we’re not quite there yet.”

CRYPTO PAYMENT ADOPTION DOMINATES TALKS AT CONSENSUS

The #e-commerce giant’s surprising reveal isn’t the only #major news from #Consensus. New York crypto #payments startup #Flexa hinted at partnerships with #Starbucks, #Nike, and Bed, Bath, & Beyond at the #conference. The startup is launching its app at Monday’s #Consensus event.

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