Home / Bitcoin Price Predictions / EBay “seriously considering” adding support for BTC payments
EBay “seriously considering” adding support for BTC payments

EBay “seriously considering” adding support for BTC payments

EBay Inc (NASDAQ:EBAY), is “seriously considering” accepting Bitcoin (BTC) as a value methodology, Yahoo Finance has reported, citing the senior vice chairman of eBay Americas, Scott Cutler.

In an interview with the data portal on Tuesday, Cutler talked about that that the US on-line retail large was considering accepting payments throughout the cryptocurrency, nonetheless added that “we’re not there yet”.

Cutler’s suggestions come a few week after US recreation developer Valve Corp announced that it couldn’t support Bitcoin as a value methodology on its on-line recreation distribution platform Steam. The agency cited Bitcoin’s extreme price volatility and the extreme transaction prices, which “result in unreasonably high costs for purchasing games when paying with Bitcoin”.

Valve’s Steam platform, which is the primary on-line retailer for laptop video video games, boasting a client base of over 100 million, started accepting Bitcoin for payments in April 2016. The agency talked about that it will re-evaluate its place on the long term, nonetheless “[a]t this point, it has become untenable to support Bitcoin as a payment option”.

Bitcoin price has been pretty unstable beforehand 24 hours, though faraway from the extreme ranges seen remaining week. In yesterday’s shopping for and promoting the cryptocurrency rose to a four-day extreme of $17,781.80, sooner than pulling once more to complete the session at $17,415.40. In the early hours of at current’s session, the cryptocurrency tumbled to spherical $16,500, but it surely certainly has bounced once more to over $17,00zero in newer shopping for and promoting.

As of 15:04 GMT, the Bitcoin price stood at 17,179.00, in accordance with info from cryptocurrency tracker Coinmarketcap. The digital international cash has misplaced 1% of its price beforehand 24 hours.

For extra information on simple strategies to buy and commerce Bitcoin, see our full Bitcoin info.



EBay “seriously considering” adding support for BTC payments

Check Also

Bitcoin SegWit Upgrade to Silence Naysayers

Bitcoin SegWit Upgrade to Silence Naysayers

Daily Bitcoin News Update Crypto costs are operating hither and thither once more. It has …