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   1193

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

SEC to Decide on Bitcoin ETF until Feb 27 2019

Despite this news, Bitcoin price hit another bottom - $3400 this time
07 December 2018   97

The US Securities and Exchange Commission (SEC) issued a notice stating that consideration of a decision on an application to start Bitcoin-ETF from VanEck and SolidX with the assistance of CBOE will last until February 27 of next year.

According to the SEC rules, the period for consideration of this decision cannot be extended yet. Thus, the Commission on maximum uses the allotted time, and February 27 will be the final date for the decision on this application.

The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change.

Securities and Exchange Commision

According to representatives of the SEC, to date, the Commision has received more than 1600 comments on this application.

Despite this news, Bitcoin price hit another bottom - $3400 this time.