eBay will add payment in Bitcoin

Vice President of eBay, Scott Cutler, said that the company is seriously thinking about the payment of goods in Bitcoin. Cryptocurrency is what everyone is discussing today. It is becoming more and more...

Vice President of eBay, Scott Cutler, said that the company is seriously thinking about the payment of goods in Bitcoin.

Cryptocurrency is what everyone is discussing today. It is becoming more and more common to accept Bitcoin for the payment of goods and services but the company has not yet come to this, according to Cutler eBay has probably not yet developed a specific plan for the implementation of cryptocurrency payments, but is trying not to miss the moment when the absence of such a method of payment will be a serious minus for the service.

You can sell any equipment for mining crypto and other things related to Bitcoin on eBay, but so far all of this can not be paid for in Bitcoin.

Some online retailers, for example Overstock and Newegg, already accept payment in the cryptocurrency. But giants like eBay and Amazon are not yet ready to move into a real digital economy. The Chinese service Alibaba is also unlikely to accept cryptocurrency in the near future. Recently, Jack Ma said that the company is making investments in blockchain but within the traditional economy.

Internet shops that accept payment in Bitcoin receive a lot of advantages: starting with a superfluous mention in the news, which helps attract customers, and ending with an increase in the volume of sales and the company's equity capital, due to the growth rate of cryptocurrencies.

However, some sites such as Steam, which is a platform for video games, have refused payment in Bitcoin. This is due to the increase in fees for transactions and the possible delay in payments. For the same reason, more expensive things are paid for in Bitcoin rather than general consumption goods. For cheaper and faster crypto payments, cryptocurrencies such as Ethereum and Litecoin are being used.