/eBay might soon accept cryptocurrencies

eBay might soon accept cryptocurrencies

The crypto community prepares to welcome eBay after leaked images hint that an announcement could be coming soon.

eBay could add crypto payments

A series of banners at the Consensus conference in New York indicate that the e-commerce giant could be about to finally adopt crypto payments.

A telegram account, with the handle name @PatronsofTheMoon,  leaked the images. 

eBay has not yet made an official statement regarding whether it will  accept  cryptocurrencies on its platform. However, a confirmation of the rumors could encourage the marketplace’s 179 million active users to use cryptocurrencies as a method of payment, which may help the industry reach mainstream adoption.

Rumors have been circulating about which crypto will be selected to lead eBay’s new payment feature. Among the cryptocurrencies in question rank bitcoin, litecoin, and even Binance Coin. However, the recent addition of an eBay and Paypal executive to UTRUST could hint a possible partnership with the payment processor.

In 2018, UTRUST hired Sanja Kon as the Vice President of Global Partnerships.  

“Sanja’s experience at PayPal and eBay makes her the perfect person to help UTRUST drive merchant adoption 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.”

Although there has not been an official statement made by eBay or UTRUST executives, a partnership between the two is what makes sense the most. UTRUST is an international payment gateway that accepts cryptocurrencies on behalf of merchants and exchanges them for fiat currencies.

eBay, the world’s biggest marketplace, has been involved in the cryptocurrency space for a while. At the moment, it is one of the main sponsors of Consensus, one of the biggest blockchain conferences in the US.

This is not the first time that rumors about accepting cryptocurrencies as a payment method surround the marketplace giant. Back in 2017, when bitcoin was trading around $17,000, the crypto community began speculating about eBay’s crypto endeavours.

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