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Did ebay ditch Paypal to adopt cryptocurrency payments?

ebay to accept crypto payments

Advertisement agencies at Consensus 2019 are spreading tales about the incorporation of crypto as a method of payment by eBay.

Currently, there had been no certified proclamation to this but the internet is already over-provided with tittle-tattle about the most preferable crypto by eBay. Simultaneously, the relationship between PayPal and eBay are in limelight again.

Consensus 2019 started in Manhattan, New York City. The event offers an opportunity for crypto space members to discuss the concerns. The present line-up comprises multiple prominent facts i.e. Ryan Selkis and Hester Peirce.

The official Photos from the affair show interesting billboards from eBay. As a patron of the event, it’s evident that eBay is attracted to discover the benefits that blockchain can provide. More importantly, the confirmation of crypto by a major internet retailer will aid in changing feelings towards crypto.

Even though eBay has not publicized the integration of crypto payments on its platform, that hasn’t negated the rumors as well. If considered true, a question can be about which coin will be preferred by eBay?

BNB is predominantly employed to obtain cut-price trading fees. But the use of any coin goes further. Collaborations with various organizations signal that BNB does offer effective payment functionality.

Besides that, Changpeng Zhao’s (CZ) past remarks on Amazon direct he is at least interested in e-commerce.

In this tweet, Zhao talked about the rewards of internet businesses using crypto payments. He stated that acceptance of crypto as a method of payment in non-physical business is easier, speedier and low-priced to incorporate as compared to outdated payment doorways.

Considering eBay payments, it’s hard not to consider PayPal. As it started its life as a fragment of the same firm that they fragmented entities in 2015. After that, eBay chose Adyen to substitute PayPal. The fact that purchasers still use PayPal is only adding confusion to their relation.

John Rainey the PayPal CFO, has expressed cautions over crypto especially their volatility which makes them an inept method of payment method.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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