Rumours Spark On eBay’s Journey to Accept Cryptocurrency

Its been a bullish few weeks for the cryptocurrency space and this week doesn’t seem any different.

Just as Bitcoin surpassed the $7k mark over the weekend, the US-based e-commerce giant, eBay is rumoured to make an entrance into the crypto space after a leak online. After Consensus ads leaked an eBay banner with the slogan “virtual currency. It’s happening on eBay”, things seemed to kick off in the crypto world. You can see the banners here.

"Leaked from Consensus, eBay possibly announcing the support of cryptocurrencies on their website." - @PatronsOfTheMoon Telegram. #share #bitcoin #cryptocurrency pic.twitter.com/xqbpdysUic

— wolf (@ImNotTheWolf) May 12, 2019

Although the Twitter user, who goes under the handle @sajn_uk, made a photoshopped image of the same banner with a different slogan which said “fake and gay” in place of ‘virtual currency”, which shows how easy it is to manipulate an image because of how real it looks. It’s worth saying that this was the top comment on the thread.

eBay and Crypto

You may not know that eBay is actually a sponsor of Consensus - the biggest event in the crypto space which makes a lot of enthusiasts to believe it could eventually make a big step towards crypto payments.

As reported by u.today:

“One should also keep in mind that eBay executive Sanja Kon joined crypto payment startup UTRUST last year, which could also be indicative of eBay’s crypto ambitions. Back in December, eBay’s senior vice president Scott Cutler revealed that the company was considering cryptocurrencies as an additional payment option, but they weren’t quite there yet.”

If eBay does end up adopting cryptocurrency, the potential would be endless. It will be interesting to see how this story unfolds, keep it with CryptoDaily for more news updates on eBay and their venture into cryptocurrency.