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Bitcoins / Breaking News / Ethereum

How To Use Ethereum & Bitcoin On eBay And CraigsList

Using cryptocurrencies to make payments on standard websites is a little bit of a dream. The first step for cryptocurrency adoption, will be the adoption of cryptocurrencies by mainstream websites such as Amazon and eBay. Until then, we have to deal with third party services that allow for cryptocurrency payments to be made on these websites and market places, some such services include cryptocurrency gift card suppliers.

OmniBazaar is the latest service to join this ever growing field. Simply put, OmniBazaar aims to make it easier to use cryptocurrencies on websites such as eBay, Upwork and CraigsList.

Diagram of Ebay And OmniBazaar System

Image sourced from – PR Newswire

Some of the problems with these websites, as listed here, include centralisation and authoritarian control, leading to data misuse and other problems, such as the need for traditional banks and FIAT currencies. Under OmniBazaar, users have access to a fairer, community owned service that is not profiting from your data and of course, allows users to make purchases in cryptocurrencies, including Bitcoin, Ethereum and OmniCoin, a cryptocurrency built to be native to the OmniBazaar marketplace.

According to PR Newswire:

“OmniBazaar provides a simple ‘gateway’ to cryptocurrencies for people who are intimidated by the complexities of opening an account at a cryptocurrency exchange. It also saves users the time and cost of wiring money to an exchange. Anyone with a product or service to sell can list on OmniBazaar in minutes and can have cryptocurrency in their wallet as soon as their item sells.”

You can see the full article for yourself, here.  

Moreover, CEO of OmniBazaar, Richard Crites has said:

“We are providing a straightforward way for the average person to participate in the growing popularity of cryptocurrencies. Instead of jumping through hoops to set up an account at a cryptocurrency exchange, people can simply use OmniBazaar to barter for bitcoins. We are doing in e-commerce what Uber did in the taxi industry and AirBnB did in the hotel industry.”

One small step for man, one huge step for cryptocurrency adoption.

As it stands, OmniBazaar is now undergoing beta testing, after this phase is complete we should expect to see cryptocurrency payment options through OmniBazaar on a number of leading e-commerce websites and marketplaces.

For more information, visit http://omnibazaar.com/


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Robert is a keen investor with a particular interest in cryptocurrencies. He has been involved in the industry for many years, and because of this, has gathered a lot of knowledge surrounding this area. He studied English at university level and has a passion for writing. He loves being able to combine his two mains interests on a daily basis.