eBay Hosts A Trading Marketplace For Virtual Currencies

eBay Hosts A Trading Marketplace For Virtual Currencies

The e-commerce giant opened a new category for listings of Bitcoin, Dogecoin, and other similar currencies.

Leah Gonzalez
  • 11 february 2014

eBay UK opened up a “Virtual Currency” category for the listing of Bitcoin and others like Dogecoin and Litecoin.

Users of the online market place will be able to offer the virtual currencies as forms of payment but only for outside transactions. Any purchases through eBay will still require government-issued currencies.

In line with this, eBay is updating its Currency Policy to clarify that listings for virtual currencies must be placed in the new category in the Classified Ad format. Virtual currencies can’t be used in auctions or fixed price listings and transactions involving them must be done outside of eBay.

The opening of this new category by the e-commerce giant shows how virtual currencies are slowly getting into the mainstream markets.

The new category opened this week.



Source: Mashable

Images: eBayzcopley via Flickr CC BY-SA 2.0

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