eBay rumoured to launch crypto support

Posted 13 May, 2019

In anticipation of the blockchain conference Consensus 2019, the market is discussing the recent rumours that one of the sponsors of the event the leading e-commerce markets eBay is considering the launch of cryptocurrency payments. Along with eBay, the event is supported by such giants as ConsenSys, Ledger, Tron, Microsoft, BitGo.

The rumours represent a Twitter post which shows photos of the company's banner regarding possible support of the cryptocurrencies. As a result, such information has obviously entailed massive discussions among the players. If the rumours are confirmed, one of the world's largest e-commerce markets with active users reaching 180 million, can give the cryptocurrency industry a strong boost and lead to the global adoption of virtual currencies. Some insiders think that the cryptocurrency that will be used on eBay can be Binance Coin (BNB).

For reference, the event starts today and will last till May 15 in New York.

However, these are still unverified rumours and can be just market speculation on an upcoming big event in the segment.

At the same time, the chief financial officer of a leading payment service PayPal stated last week that it would be too early for PayPal to enter the Bitcoin market due to high market volatility. Notably, Scott Cutler, Senior Vice President for eBay, hinted at the interest of the platform in accepting Bitcoin back a few years ago.

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