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.
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