ebay - eBay Could Soon Add Bitcoin Payments to its Platform

eBay Could Soon Add Bitcoin Payments to its Platform

eBay is one of the world’s largest e-commerce platforms with a net revenue of almost $9 billion dollars in 2016. It is not the first time that we hear rumours about this possibility. One of the most important companies on earth can’t avoid the discussion about Bitcoin.

eBay Discussing About Accepting Bitcoin

On eBay everyone can find different Bitcoin accessories and items, but it is not possible yet to pay with the famous virtual currency. There are different retailers that have started to accept Bitcoin payments in the last months. For example, Overstock.com offers the possibility to pay with Bitcoin since 2014.

Scott Cutler, senior vice president of eBay has been talking with yahoo Finance and explained that the company is discussing the possibility to accept cryptocurrency payments.

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

Bitcoin is Spreading

In order for Bitcoin to become mainstream it is important that big enterprises start accepting these kinds of payments. For example, at UseTheBitcoin we have covered how Star Jets International, a private jet business, started to accept bitcoin payments. The airline market offers several enterprises accepting Bitcoin payments.

Mr Cutler has also added that eBay works offering cryptocurrency mining hardware. Besides that, on their web, there are rare Bitcoin collectibles and objects that users can buy. The company is having important discussions on the matter. If eBay accepts cryptocurrency other retailers will try not to lag behind and accept bitcoin payments too.

If eBay starts with Bitcoin, then Waltmart could add it to its retail stores. This is the only way for Bitcoin to become mainstream. As soon as several enterprises with an important visibility and responsibility will start working with cryptocurrencies, then, people will start to see virtual currencies as a means of payment.