eBay have announced that they will permit the sale of virtual currencies, such as Bitcoin, on eBay UK from February 10th.
The change will make eBay UK the first eBay site to allow the sale of virtual currency and could be an interesting signal that eBay is considering the potential of virtual currencies.
From February 10th, a new virtual currency will be added to eBay UK and sellers will be permitted to sell using only the classified ad selling format.
It sounds like an interesting experiment and does raise a more pressing question: might eBay be tempted to allow payments in virtual currencies in the future? It’s not as far fetched an idea as it might at first sound.
Recently, Overstock.com in the US started to accept Bitcoin in payment and expressed themselves “stunned” by the first day’s sales. 840 orders worth over $130k were made by mostly new customers. So seemingly, the move unleashed latent demand. The same could well be true if made took the leap.
4 Responses
Ebay won’t allow the use of cash to buy but will allow virtual currency?? What about buyer and seller protection? It won’t happen.
Real estate, Space travel,Bitcoin ATM’s,Ingame payments even lemonade stands… there have been a lot of great development for bitcoin that help boost the Bitcoin ecosystem. Unfortunately people generally don’t really understand the basics of bitcoin.
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All you have to to is fill out your bitcoinadress and create a password, there is no registration procedure. You receive free bitcoins every hour in some sort of lottery (up to +- 0.2 btc!). They really pay out. The fun part is that you can useyour winnings to play higher/lower to win additional coins.
So does this mean ebay will will also permit the sale of fifa coins for fifa ultimate team?
i could make a full time living from that if they did.
Hopefully this will mean in the future eBay will allow sales of other virtual currencies and items. It was a shame they banned them a few years back.