Ebay might start accepting Bitcoin payments

Senior vice president of eBay Americas claimed that Ebay might integrate payments in Bitcoin due to mainstream cryptocurrency adoption
13 December 2017   1499

Scott Cutler, a senior vice president who oversees eBay’s Americas business unit, told Yahoo Finance in an interview that eBay, a multinational e-commerce corporation headquartered in California, is seriously considering adding the function of payments in cryptocurrency, particularly in Bitcoin.

This is a trend that everybody is talking about, but sadly, at eBay, we don’t currently accept Bitcoin as a form of payment. We’re seriously considering it as cryptocurrencies become more of a mainstream payment instrument, but we’re not quite there yet.

Scott Cutler

SVP, Ebay Americas

There are some retailers who accept cryptocurrency, for example, American internet retailer Overstock lets users pay in Bitcoin since January of 2014. But mostly, major retailers and wholesalers refuse to launch function of payments in Bitcoin becasuse of its high fees, volatility and existence of more suitable for payments cryptocurrencies like Monero or Tether. For instance, Steam digital distribution gaming platform has recently refused to accept Bitcoin as a payment method because of high transaction fees.

Currently eBay accepts payments through PayPal, credit cards, and debit cards, but does not accept any cryptocurrency as means of payment yet.

At the moment of press, these are main market parameters of Bitcoin:

  • Average price: $17 096.80
  • Marketcap: $286 174 786 800
  • 24h volume: $14 326 600 000

Lightning Desktop App to be Launched in BTC Mainnet

The application, which is based on the lightweight Neutrino client, is available for the macOS, Windows and Linux, however, it's oriented fro test environment
24 April 2019   130

Lightning Labs, a leading developer of solutions for the Lightning Network, announced the launch of its desktop wallet in the main Bitcoin network. An application that was previously tested in a test network is available in the alpha version.

The application, which is based on the lightweight Neutrino client, is available for the operating systems macOS, Windows and Linux, however, as the developers emphasize, is still oriented primarily to the test environment. At the same time, more advanced users can also experiment with the wallet interface and get access to their funds.

Lightning App Desktop Version Screenshot
Lightning App Desktop Version Screenshot

The Neutrino client allows non-custodial Lightning wallets to verify Bitcoin transactions without the need to synchronize with the full version of the blockchain.

The new release includes such a function as displaying a single balance, which will allow users to see the cumulative number of coins both in the network base and in the payment channels by percentage.