- Leaked images hint eBay could integrate cryptocurrency payment method
- eBay embracing digital currency could prove to be a huge boon for the industry
- Meanwhile, Facebook prepares to launch FB Coin in India
According to leaked photographs from the ongoing Consensus 2019 conference in New York City, online marketplace behemoth eBay might be considering integrating the option to buy and sell products for cryptocurrencies.
The Entry of eBay Could Heat up the Cryptospace
With cryptocurrencies soaring in price this past week, the market sentiment has turned bullish. Bitcoin, the premier cryptocurrency which commands more than 50 percent of crypto market capitalization currently trades above $7,300 – a stark contrast to the sub $3,000 levels it was trading at just a few months ago.
Adding fire to this optimistic market sentiment is rumors that eBay might enter the crypto industry sometime soon. The US-based marketplace giant’s Consensus 2019 ads recently leaked online which suggest that “virtual currencies” might be on their way to eBay.
— wolf (@ImNotTheWolf) May 12, 2019
If true, the eBay integration could open the floodgates for mainstream adoption of digital currencies. eBay currently has more than 180 million registered users who could all potentially be exposed to cryptocurrencies should the multinational company decides to go ahead with the plan.
Crypto twitter is already abuzz with speculations regarding the entry of eBay into the crypto market. Some speculate that eBay could add bitcoin to its list of accepted modes of payments while others opine that it could integrate Binance’s BNB digital token to its ecosystem.
Not that Big of a Deal
Although the prospect of eBay foraying into the rapidly developing crypto market looks attractive, Australian media outlet Mickey states that “virtual currency” could really mean the already existing payment option at eBay that allows users to transact cryptocurrencies anonymously.
An Increasing Number of Enterprises Opening up to Crypto
If recent developments are to go by, it can be observed that an increasing number of organizations are steadily opening their gates towards cryptocurrencies.
Blockchain Reporter informed its audience on May 10, 2019, how Facebook is assembling a team of former PayPal executives to launch its highly anticipated FB Coin. Per recent reports, the white and blue social media platform wants to pilot the ambitious stablecoin project in India.