Hold on....you can buy things on ebay now....with Bitcoins!

[Q7]

If gyft can do that, I'm sure others can do the same. The point is it doesn't matter if that is just gift cards business because once gyft successfully implement that it will set an example for others to follow. And i wonder why other businesses fail to see the advantage. There is no middle party like credit card companies and for sure they don't need to pay a share of their earnings to them. And for that they can offer better price compared to competitors and have the edge here in business. Oh well..

[manselr]

very cool indeed. Is that real?

I have used them before for Amazon rather than ebay. I can therefore say that they work, at least with Amazon. I don't see why ebay would be any different.

eBay and PayPal split could be the main reason of eBay's recent BTC move.

It is just gift cards available through gyft, I don't see this being an ebay Bitcoin move. It is nice to be able to eBay with BTC being the root of the funds though.

It's better than nothing, but I would still like to be able to directly receive BTC from a public master key as a merchant, rather than be dealing with gift cards. It will eventually happen. Just like it should eventually happen with Steam if Gaben wasn't such a stuck up.

[snarlpill]

I don't really have any problems with Gyft supporting Bitcoin instead of eBay directly accepting it. I feel like eBay would just dump any Bitcoin received for fees anyways, just as other large merchants dump all BTC for fiat when they accept if for payments. I feel like Gyft at least holds some of their BTC, and they were an early supporter of Bitcoin so I have no problem supporting them with my BTC. They provide a fair & reliable service and allow you to indirectly spend your Bitcoin at a wide variety of merchants, and give you 3x Gyft points for doing it; I don't see what's not to like about that.

And you definitely can buy pretty much anything on eBay. They are a Huge company though and still can't lower seller fees, which end up being 10-15% after PayPal fees are factored in too. I'd rather see Bitcoin market competitors to eBay like CryptoThrift and OpenBazaar succeed.

**One downside to Gyft that I see though is that they are US-only, or at least they were. It probably doesn't matter much anyways though as I'm pretty sure you can use the Gyft-purchased cards online with most merchants. Still would be nice to see them expand and be able to use purchased cards at brick-and-mortar merchants in other parts of the world.

[manselr]

I don't really have any problems with Gyft supporting Bitcoin instead of eBay directly accepting it. I feel like eBay would just dump any Bitcoin received for fees anyways, just as other large merchants dump all BTC for fiat when they accept if for payments. I feel like Gyft at least holds some of their BTC, and they were an early supporter of Bitcoin so I have no problem supporting them with my BTC. They provide a fair & reliable service and allow you to indirectly spend your Bitcoin at a wide variety of merchants, and give you 3x Gyft points for doing it; I don't see what's not to like about that.

And you definitely can buy pretty much anything on eBay. They are a Huge company though and still can't lower seller fees, which end up being 10-15% after PayPal fees are factored in too. I'd rather see Bitcoin market competitors to eBay like CryptoThrift and OpenBazaar succeed.

**One downside to Gyft that I see though is that they are US-only, or at least they were. It probably doesn't matter much anyways though as I'm pretty sure you can use the Gyft-purchased cards online with most merchants. Still would be nice to see them expand and be able to use purchased cards at brick-and-mortar merchants in other parts of the world.

I just feel more secure with direct BTC usage, controlling my addresses and whatnot, and what you just mentioned. With direct BTC it could be worldwide without distinctions on the fees.