EBay has completely denied the gossip that is going around the market that it will begin accepting digital money as an alternate payment method. Bloomberg reported Ebay’s “next move” on May 14 after the company advertised at a cryptocurrency event with banners such as the one shown in the picture below.

Fintech Crypto News

People have been speculating the e-commerce giant’s take on the crypto revolution since it took out advertisements at the Consensus gathering in New York City 2019. One of the boards stated:

“Virtual Currency. It’s happening on eBay.”

It has been proposed that the past fortnight’s surge in the crypto market that has occurred without any explanation could be connected to the belief that eBay was getting ready to grasp crypto.

“The world’s largest marketplace” as Ebay calls itself, such a move would have been a noteworthy achievement both for the company and the crypto community. Be that as it may, tending to the gossipy tidbits legitimately, an eBay representative stated:

“Cryptocurrency is not accepted as a form of payment on the eBay platform, nor is it part of our payments strategy.”

Fervor had begun to work in the crypto network in early April when a tweet recommended that TD Ameritrade, which holds an expected $1.3 trillion in resources, was trying bitcoin (BTC) and litecoin (LTC) spot trading.

Sunayna Tuteja, the organization’s head of advanced resources, said:

“Currently we’re not. We have what we call paper money, which is what our clients can try for trading strategies. It was a simulation. So there was no actual execution.”

Many other significant brands have affirmed within the past week that they will enable clients to use crypto as alternative payment methods in their stores. On the very first day of the Consensus, the annual gathering, Whole Foods Market, Barnes and Noble, and Bed Bath and Beyond confirmed the soon to be held launch of another application called Spend, which will expedite crypto transactions by the means of the Flexa network.

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