At the ongoing Consensus 2019 cryptocurrency conference, adverts are seen by eBay prompting rumours that the company will incorporate cryptocurrencies (Bitcoin and altcoins).
The Consensus conference remains one of the most anticipated blockchain / cryptocurrency conferences held annually, haven kicked off today in Manhattan, New York with members of the global crypto community well in attendance.
The conference also dubbed New York Blockchain Week, serves as a meeting point for crypto faithful to debate and proffer solutions to issues around the emerging industry. This year’s attendees include top figures in the space including SEC Commissioner Hester Peirce.
A major talking point at the event was the interesting marketing placards from eBay with the adverts suggesting its move to cryptocurrency. The placards read:
Virtual currency. It’s happening on eBay. Reach 179 million active buyers in the world’s largest marketplace.
The marketing strategy has ignited debates across the cryptocurrncy space on eBay’s intentions. Although there has been no official announcement by the company, several indicators prove a point. First, ebay is known to have previously ditched PayPal (a popular payments alternative) before signing a new deal; could this be because of crypto or PayPal’s failure to acknowledge crypto and not just blockchain.
Also the company is an official sponsor of the Consensus event, hence drawing parallels of its interest in blockchain and crypto for their business.
E-commerce: A Welcome Trend
What is more significant is the changing sentiment towards cryptocurrency, as major internet retailers and big wig companies are moving to get a cut of the space.
Asides from its adoption benefits and profit speculations, this trend proves that crypto and blockchain utility are here to stay. From Amazon, to Facebook, Microsoft, HTC and many more; news of incorporation into various departments of these global companies continues to soar in recent times.
According to Changpeng Zhao CEO of Binance, during his indication of interest in crypto payments (BNB) for Amazon, he highlighted the advantages of crypto payments to internet businesses. In his words:
For any internet (non-physical) based business. I do not understand why anyone would not accept crypto payments . It is easier, faster and cheaper to integrate than traditional payment gateways. Less paperwork. And reaches more diverse demographics and geography.
On the side, some speculators view eBay’s posters as a hint at partnership with a third party or crypto payments merchant; with UTRUST and Binance topping the speculations list. The community however waits on eBay’s exclusive clarification on the matter.
Updated: Insider reports say eBay has refuted these claims, saying the company is yet to make any plans in this regard.