E-Bay Accepting Crypto- Bring on BCH

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2 years ago

So guys, as I may have mentioned, I do a bit of writing also on Publish0x under the account I-HODL, and today I posted a short article on eBay's recent announcement about its plans to accept crypto, possibly with a major announcement on March 10th.

Image courtesy Pixabay

I noted in the article that this was a major announcement because:

  • As an e-commerce giant, eBay manages approximately $85 billion of payments directly.

  • The platform already allows for the trade of non-fungible tokens so accepting cryptocurrencies would be an easy step

  • Banks are already warming to cryptocurrencies and this announcement by eBay could lead to the possible entry of other big players such as Walmart and Amazon

  • And who could forget the impact the fake report that Walmart was going to accept Litecoin had last year?

I'd like to talk a bit more about there here with you guys, because- not to shill- but I've been thinking, wouldn't it be great if Bitcoin Cash is included as one of the payment options to be accepted by the e-commerce giant? And I mean it makes perfect sense that it should be accepted, right? Let's discuss it.

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Bitcoin Cash as a payment option

In a nutshell, BCH, a hardfork from the original Bitcoin blockchain in 2017, continues to share the same goals as BTC, i.e., to develop as a decentralized digital currency that is not constrained by governments or geographical borders. BCH also seeks to overcome some of the challenges encountered BTC.

BCH is excellent as a payment processor as it conducts more transactions per minute than Bitcoin, the scalability is bigger and transaction fees are significantly lower. It costs on average $0.01 per BCH transaction.

BCH has a consistent hashrate and is less vulnerable to a 51% attack. It is also noteworthy that BTC miners can also help to secure the BCH network.

Conclusion

Well guys, I look forward to eBay's March 10th announcement. I am not a maximalist so I hope this is great news for the crypto community in general and for BCH holders in particular. And who knows? Maybe we'd see these coins climbing even more than they have over the past few days. Further, I look forward to similar announcements by other e-commerce platforms.

On BCH's strength as a payment processor though, there is an old saying that goes, the proof of the pudding is in the eating. From 2017 to now, I believe that BCH has shown and will continue to show its superior value. It's now left up the rest of us to continue to embrace and ensure the continued growth of this project.

Resources

  1. https://cointelegraph.com/news/ebay-to-add-crypto-payment-options-soon-says-ceo

  2. https://www.pymnts.com/cryptocurrency/2022/ebay-could-announce-decision-on-crypto-payments-march-10/

  3. https://www.cnbc.com/2021/09/13/walmart-to-accept-payments-with-cryptocurrencies-using-litecoin.html

  4. https://www.publish0x.com/a-crypto-journey/e-bay-to-accept-crypto-xppqzll

  5. https://www.exodus.com/blog/litecoin-vs-bitcoin-cash/#

  6. https://www.pymnts.com/cryptocurrency/2022/pymnts-blockchain-series-what-is-bitcoin-cash-no-2-payments-focused-crypto-goes-its-own-way/

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2 years ago

Comments

This is great news! I hope more and more platforms will start doing business using BCH :)

$ 0.02
2 years ago

This is definitely my wish as well!

$ 0.00
2 years ago

el BCH es la mejor por lo fácil de sus transacciones, muy pronto veremos su símbolo como medio de pago en la mayoría de los comercios, es impresionante como avanza esta criptomoneda en el mercado, aunque eso no se vea reflejado en el valor actual de la moneda.

$ 0.02
2 years ago

Yes, I think with increasing demand we can see the value of the coin rise. I also agree with you that it is very easy for transactions and the cost of transaction is very low as well.

$ 0.00
2 years ago

Tremendous news! soon our BCH will be able to be a means of payment on different platforms

$ 0.02
2 years ago

Yes, I would really like to see them incorporate BCH as a payment processor. It would be a good choice if they do, in my view.

$ 0.00
2 years ago

It is good news.

$ 0.02
2 years ago

Yes, adoption of crypto by any major platform is great news as it helps to bring crypto even more mainstream.

$ 0.00
2 years ago