[2017-12-12]EBay is talking about adding Bitcoin payments

[tiggytomb]

They're too late. The jokes on them. Bitcoin is no longer a payment system. You can't buy stuff with it anymore because now it's a "store of value".

I think you could be right on this, when transaction fees start to how up higher than a $5 item being purchased it becomes an issue, perhaps litecoin will be more suited to Ebay now, bitcoin is onto other things with the big boys

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[richardsNY]

I think you could be right on this, when transaction fees start to how up higher than a $5 item being purchased it becomes an issue, perhaps litecoin will be more suited to Ebay now, bitcoin is onto other things with the big boys

It's just a temporary obstacle for now. It's just a matter of time before before Lightning Network will make sure that people can use Bitcoin as currency again. By the time Ebay at whatever time decides to implement Bitcoin payments into their market platform, we likely already have Lightning Network active. People will be able to spend $2 transactions basically for peanuts, which will stimulate people to conduct small purchases, and allow third world countries to utilize Bitcoin to the full. At that time there is only the volatility left that people can complain about, which is something we likely never see change for the better.

[darkangel11]

They're too late. The jokes on them. Bitcoin is no longer a payment system. You can't buy stuff with it anymore because now it's a "store of value".

I know you're joking, but to to make things clear it's still a viable payment system, and a cheap one for that matter, provided that you're buying expensive stuff. Paying a fee of $10 to pay for a nice computer or a set of furniture worth $1000 or more is something you wouldn't think twice about.

I think you could be right on this, when transaction fees start to how up higher than a $5 item being purchased it becomes an issue, perhaps litecoin will be more suited to Ebay now, bitcoin is onto other things with the big boys

It always depends on the value of the item. Remember that paypal takes a percent of your payment, not a fixed amount. If you tried to buy a car using it you'd get ripped off.

It's also a nice way of hiding the transactions and I'm not even talking about cheating or being dishonest. Sasy you want to buy a gift for your wife and you share the account. Cryptocurrencies are always a useful option.

[J. Cooper]

I think you could be right on this, when transaction fees start to how up higher than a $5 item being purchased it becomes an issue, perhaps litecoin will be more suited to Ebay now, bitcoin is onto other things with the big boys

It's just a temporary obstacle for now. It's just a matter of time before before Lightning Network will make sure that people can use Bitcoin as currency again. By the time Ebay at whatever time decides to implement Bitcoin payments into their market platform, we likely already have Lightning Network active. People will be able to spend $2 transactions basically for peanuts, which will stimulate people to conduct small purchases, and allow third world countries to utilize Bitcoin to the full.

That's what I was thinking as well. Adding bitcoin now is stupid, fees are way too high for people that actually want to buy something using bitcoin. And the number of people who want to actually use bitcoin is declining as well since all of a sudden everyone has become a super investor who is going to hold onto bitcoin for dear life. So from a pure practical stand point they should either wait before LN gets deployed or start accepting altcoins that are faster and cheaper to use (something like cripple or beetrash).

At that time there is only the volatility left that people can complain about, which is something we likely never see change for the better.

Do you really thing that volatility will still be a problem when LN is done and activated? At this rate we will have a trillion dollar market capitalization in no time. We're already half way there.

[pixie85]

Paypal adding Bitcoin payments would be great although i'm worried that this piece of news is going to end up being just like all those Amazon teasers we've been hearing for years. They may be planning to accept it according to someone who overheard a conversation in the lounge and in  reality never do it or keep thinking and analysing for another year.

[CryptoBry]

EBay, one of the world’s largest e-commerce platforms, is considering making the leap into cryptocurrency payments, according to a high-ranking company executive. Full article on: http://cryptobible.io/ebay-talking-adding-bitcoin-payments/

I am sure that the eBay management have already realized of the kind of goodwill which being connected with Bitcoin can bring to their brandname and business in general. I understand that with the scalability problem of Bitcoin many merchants are still have to get an avalanche of business from many Bitcoin holders (this can be changing in the future though) but the most important benefits is that goodwill or exposure that may follow just accepting Bitcoin as one of the mode of payments. In fact, there are now companies who experienced growth just accepting Bitcoin and I am not just talking about sales here. For eBay this can be a new chapter for the company and I am hoping they really push it now and not delay the decision.

[TTITA]

They're too late. The jokes on them. Bitcoin is no longer a payment system. You can't buy stuff with it anymore because now it's a "store of value".

It seems eBay was too late adopting this, Newegg and Overstock has been adopting it before.
I do agree with you, for now bitcoin not really compatible for setup as shop online payment, it's has been changes as 'store of values - investment asset'. Since fees of tx going high, it's not worth it spend bitcoin into shopping online.

[stuartgh]

And you can bet StubHub the ticket reseller (also part of the eBay family) are considering blockchain and crypto solutions too. 

EBay, one of the world’s largest e-commerce platforms, is considering making the leap into cryptocurrency payments, according to a high-ranking company executive.

Full article on: http://cryptobible.io/ebay-talking-adding-bitcoin-payments/

[bambazamba]

EBay, one of the world’s largest e-commerce platforms, is considering making the leap into cryptocurrency payments, according to a high-ranking company executive.

Full article on: http://cryptobible.io/ebay-talking-adding-bitcoin-payments/

Why are they always so late to do such things .
To achieve this , they have to do a lot of innovations to settle down with the prices of bicoin and arrange the buying options according to that level .
If it happens , it will be a huge milestone

[cryptofonia]

EBay, one of the world’s largest e-commerce platforms, is considering making the leap into cryptocurrency payments, according to a high-ranking company executive.

Full article on: http://cryptobible.io/ebay-talking-adding-bitcoin-payments/

Why are they always so late to do such things .
To achieve this , they have to do a lot of innovations to settle down with the prices of bicoin and arrange the buying options according to that level .
If it happens , it will be a huge milestone

I believe it's just about strong will. If Ebay jumps crypto train then it's to do it ASAP.

[darkangel11]

Why are they always so late to do such things .
To achieve this , they have to do a lot of innovations to settle down with the prices of bicoin and arrange the buying options according to that level .
If it happens , it will be a huge milestone

I believe it's just about strong will. If Ebay jumps crypto train then it's to do it ASAP.

This is 7 month old news guys. They still aren't accepting Bitcoin!
It was FUD and all that really has been said is that they would accept payments through a third party processor, which isn't really an acceptance. Amazon has been doing a similar thing for years now. Using a third party in a system that was supposed to give you full control of your money is a waste of time, politely speaking.

[felixesteban]

Earlier, some companies had stopped paying with bitcoin, claiming that bitcoin was volatile. If a large company like eBay accepts the payment system with bitcoin, it will be easier to take similar steps for other companies. By the way, I don't think volatility will be a problem. But if transfer fees are high like before, then this could be a serious problem.