How to Buy Bitcoins

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Scott Cutler, senior vice president of eBay Americas, told Yahoo Finance that the e-commerce giant is holding serious discussions about becoming the highest-profile company to accept cryptocurrency payments. Although it can be understood that there's still time that ebay adopts to crypto payments but it is evident that how fast bitcoins and other digital assets are being considered to solve real world problems at huge levels. Read how people are celebrating the news: One of the seller posted,"This would be great for Ebay.

I am a long time seller and have sold thousands of dollars worth of merchandise through eBay. Cryptocurrencies like Litecoin would be a great solution to this problem. It's time for Bitcoin to take over the reins of the financial system of the world. What do you think about it?

Let me know in the comments section! It will not only attract more sellers an buyers; from a marketing perspective it would be a very profitable move, regarding all the publicity eBay would get if they start accepting cryptocurrencies.

It woul be a win-win, because if it actually happens, I think the doors to mass adoption will be wide open, paying on ebay with bitcoin there will be no turning back. You have completed some achievement on Steemit and have been paying on ebay with bitcoin with new badge s:. You published 4 posts in one day Award for the number of upvotes received.

Click on any badge to view your own Board of Honor on SteemitBoard. For paying on ebay with bitcoin information about SteemitBoard, click here. If you no longer want to receive notifications, reply to this comment with the word STOP. By upvoting this notification, you can help all Steemit users.

Crypto payment gateway coming to Ebay! Authors get paid when people like you upvote their post. But why should i accept bitcoin if i get USD without paying on ebay with bitcoin Because bitcoin would bring in new customers.

But what's the advantage for me, to get bitcoin instead of USD. Amazon is not directly accepting Crypto payments yet. You have completed some achievement on Steemit and have been rewarded with new badge s: You published 4 posts in one day Award for the number of upvotes received Click on any badge to view your own Paying on ebay with bitcoin of Honor on SteemitBoard. For more information about SteemitBoard, click here If you no longer want to receive notifications, reply to this comment with the word STOP By upvoting this notification, you can help all Steemit users.

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Even though the adoption of bitcoin has still not been widespread, it has been rising fast in the past year. Several major retail stores across the world such as Subway now accept bitcoin as a form of payment. However, just as the senior VP of eBay stated, the company is not about to jump right into it. Recently, high bitcoin transaction costs have discouraged low-value transactions. It is because of these fees that other companies like Steam no longer allow transactions in bitcoin, despite having a large following of crypto enthusiasts.

Besides, the volatility of bitcoin could end up hurting eBay whenever there is a sharp drop in the value of bitcoin. For example, imagine if someone paid for something at 0. In this new framework, instead of all transactions being processed by the miners, it would be more of a peer-to-peer connection. Through lightning network, though, there would be a smart contract introduced. This would then open a direct and private connection between peers. Transactions would then be confirmed while bypassing the miner, but the outcome of the transaction would subsequently be recorded on the blockchain.

Unfortunately, this plan is still being tested, with a trial run on the Litecoin network. If the developers agree to implement lightning network, bitcoin transactions would be more efficient and cheaper.

Until then, the plans by eBay to add bitcoin support have to be shelved if the company expects to have any success with it. Stay up to date with the financial markets everywhere you go. Home - Forex Analysis - Cryptocurrency - eBay considers adding bitcoin as a form of payment. Comments 0 comment s Click here to cancel reply. Get the most recent news at your inbox Stay up to date with the financial markets everywhere you go. Sign up for updates.

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