Paying on ebay with bitcoin
It is because of these fees that other companies like Steam no longer allow transactions in bitcoin, despite having a large following of crypto enthusiasts. Besides, the volatility of bitcoin could end up hurting eBay whenever there is a sharp drop in the value of bitcoin. For example, imagine if someone paid for something at 0.
In this new framework, instead of all transactions being processed by the miners, it would be more of a peer-to-peer connection. Through lightning network, though, there would be a smart contract introduced. This would then open a direct and private connection between peers. Transactions would then be confirmed while bypassing the miner, but the outcome of the transaction would subsequently be recorded on the blockchain.
Unfortunately, this plan is still being tested, with a trial run on the Litecoin network. If the developers agree to implement lightning network, bitcoin transactions would be more efficient and cheaper. Until then, the plans by eBay to add bitcoin support have to be shelved if the company expects to have any success with it.
Stay up to date with the financial markets everywhere you go. Let me know in the comments section! It will not only attract more sellers an buyers; from a marketing perspective it would be a very profitable move, regarding all the publicity eBay would get if they start accepting cryptocurrencies. It woul be a win-win, because if it actually happens, I think the doors to mass adoption will be wide open, and there will be no turning back. You have completed some achievement on Steemit and have been rewarded with new badge s:.
You published 4 posts in one day Award for the number of upvotes received. Click on any badge to view your own Board of Honor on SteemitBoard. For more information about SteemitBoard, click here.
If you no longer want to receive notifications, reply to this comment with the word STOP. By upvoting this notification, you can help all Steemit users. Crypto payment gateway coming to Ebay! Authors get paid when people like you upvote their post. But why should i accept bitcoin if i get USD without fluctuation! Because bitcoin would bring in new customers.