Ebay to Create A Place For Virtual Currencies

ebay

Ebay has created a new category for Virtual Currency. People will be able to list crpyto currencies for sale along with mining related activities. It looks like the listings for actual currencies must be done as a classified ad.

CoinDesk wrote:

eBay’s main US site has introduced a category for ‘Virtual Currency’, with listings for dozens of bitcoin and altcoin-related activities – including shares in mining operations.

Although eBay is still not accepting bitcoin as an official payment, any recognition of the currency is significant since eBay is the parent company of PayPal, the payments firm long earmarked for disruption by many bitcoin fans.

Reactions to the new ‘Virtual Currency’ category on reddit were a mixture of optimistic and wary, with many claiming the company has added it before, only to remove it at a later stage. This could have been due to eBay’s overseas subsidiary sites, like the UK, adding the listing before the US one.

PayPal has also appeared to toy with the idea of accepting bitcoin in some form. President president David Marcus remarked in an April 2013 interview that he found digital currencies “truly fascinating” and added “We’re kind of thinking about it”.

eBay president John Donohoe has also mused on the possibility of PayPal integrating bitcoin “one day” in interviews, giving no commitment beyond saying “we’re looking at bitcoin closely”.

Read the full article on Coin Desk which discusses some of the potential pitfalls.

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