eBay will accept cryptocurrency?

14 May, 2019

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.

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


Source  
U.S. pressure could accelerate growth for markets in Greater China11 Jun, 2020  

U.S. pressure on Chinese stocks looks set to accelerate the growth of capital markets in Hong Kong and mainland China, as investors remain intent on chasing...

Second wave of coronavirus could make Fed rethink negative interest rates15 May, 2020  

Another "big setback" in the U.S. economy could prompt the Federal Reserve to consider cutting interest rates into negative territory - but such a monetary...

Markets are excited about oil price rally too soon8 May, 2020  

Oil prices rallied for five consecutive days this week amid investor optimism over the relaxing of coronavirus lockdowns in the U.S. and around the world...


Gold has "growing potential" to break $18005 May, 2020  

Gold prices could "break the highs" seen earlier this year, after declining in March along with assets across the board, according to UBS Investment Bank's Joni Teves...

US oil prices are on track for their worst day ever21 Apr, 2020  

U.S. oil prices were on track for their worst day on record on Monday, with crude storage facilities filling rapidly as the coronavirus pandemic continues to crush demand...

Coronavirus crisis will erase nearly a decade of oil demand growth15 Apr, 2020  

The International Energy Agency (IEA) said Wednesday that it expects the coronavirus crisis to erase almost a decade of oil demand growth in 2020...


Key U.S. coronavirus death projection revised down to 600009 Apr, 2020  

Some 60,000 Americans could die in the coronavirus pandemic, a university model often cited by U.S. and state policymakers projected on Wednesday...

Coronavirus likely ended record U.S. job growth6 Apr, 2020  

The U.S. economy likely shed jobs in March, abruptly ending a historic 113 straight months of employment growth as stringent measures to control the coronavirus...

COVID-19: White House predicts 100000 to 240000 to die in US1 Apr, 2020  

President Donald Trump prepared Americans for a coming surge in coronavirus cases, calling COVID-19 a plague...