By : When Consensus 2019 attendees heard that eBay was , the spread quickly.
However, over the course of the New York week, their hopes were dashed. eBay flat out last week, stating that cryptos aren’t accepted on its platform. Furthermore, it said accepting cryptos is not a part of its payments strategy.
What Happened?
Once it became clear that eBay still wasn’t ready to accept crypto, many speculated more.
ebay rumors based on this image are totally misunderstood. It refers to the category titled ‘Virtual Currency’ that is already on the site and allows platform users to trade crypto. no need to speculate on price by accepting for payment when they furnish an exchange method
— Chris (@ContractTraderT)
Others speculated about what this means for Amazon.
Come to think of it. If is over here spreading rumors about accepting crypto. Maybe really isn’t that far-fetched.
— Chaz Schmidt (@ChazSchmidt)
eBay Finally Quashes Rumors
The speculation rumor mill ramped up due to some promotional adverts that were spotted at Consensus 2019 conference held in New York this week. CCN that the adverts were leaked on the Telegram channel .
CCN to be cautious about all this because eBay hadn’t confirmed any crypto-related plans. CCN pointed out that the adverts suggested that eBay was about to enter the arena, which would be a major mainstream breakthrough.
Hopes Not Completely Dashed
While the company denies any crypto plans, the eBay marketplace has been widely linked to payment gateway UTRUST. UTRUST hired former eBay and PayPal executive Sanja Kon as VP of Global Partnerships in 2018. So a partnership between UTRUST and eBay would be a logical conclusion, CCN .
In a statement at the time, :
“Sanja’s experience at PayPal and eBay makes her the perfect person to help UTRUST drive merchant of our crypto-payments platform… We anticipate that she will be a key driver in elevating UTRUST’s brand in the crypto-commerce space and ultimately the future of online payments industry.”
This was posted before the eBay rumor was dispelled.
If this article is correct than this is huuuuuuuuuge for . Will use for crypto payments in the near future?
So far it’s just a rumor but it could be true. Sanja has a background at PayPal and Ebay.
— Crypto Boss (@crypto_baas)
CCN also reported that eBay could be eyeing the digital collectibles market, which has been made famous by Cryptokitties. The potential of digital collectibles was made real by , for the first time offering a platform for truly unique, one-of-a-kind digital assets.
Then there’s PayPal. It’s reportedly pursuing and projects, reports.
PayPal’s C-suite folks have been about cryptos. However, one of the members of the company’s board begs to differ. Last month, PayPal director Wences Casares said that ’s chances of succeeding exceed 50 percent, as earlier reported by .
Published at Mon, 20 May 2019 06:19:46 +0000
