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Shiba Inu, Bitcoin holders can now spend their cryptos on eCommerce giant eBay through the BitPay Card, which can be used like any other credit or debit card at eBay's checkout.
Use your @Shibtoken on the @BitPay card on ebay ! #SHIB https://t.co/7xbTP31KdQ
— The Bus (@TheBus37643251) August 26, 2022
As explained in a blog post, holders can load their cryptocurrencies and spend them like cash on eBay through the BitPay card. The virtual BitPay card can also be used at millions of online merchants, anywhere Mastercard is accepted (including eBay).
Cryptocurrency payments processor BitPay currently supports the following cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, Dogecoin, Shiba Inu, Litecoin, XRP, ApeCoin, Dai, Binance USD, USD Coin, Wrapped Bitcoin, Pax Dollar, Gemini Dollar and Euro Coin.
Currently, eBay does not accept direct crypto payments, but it may do so in the near future. Jamie Iannone, CEO of eBay, stated in a March 2022 interview with The Street that the online auction giant does not currently accept cryptocurrency payments but adds that the platform is constantly evaluating new forms of payments to accept.
World-class retailers that accept direct cryptocurrency payments include AMC Theaters, Jomashop, Newegg and Overstock.com.
More people want to transact with cryptocurrencies
According to a global poll done by Ripple, 56% of consumers worldwide are more willing to do business with a retailer that accepts cryptocurrencies than any other. Thirty-three percent of consumers polled also indicated that they would consider making purchases with cryptocurrencies.
"Nearly one-third of respondents say they would consider using crypto to make a domestic or international purchase, and one quarter say they would consider using it to send money to a domestic or international friend or family member," the survey found.
Tomiwabold OlajideAs earlier reported by U.Today, Shiba Inu, XRP and other cryptocurrencies supported by the Binance Argentina Card can now be spent at over 90 million MasterCard merchants.
Alex Dovbnya
Godfrey Benjamin
Vladislav Sopov
Dan Burgin