Weeks after Square rolled out crypto transactions to more users, another large retailer appears to be eying an entry into the burgeoning space. Notably, Overstock.com (the first large online retailer to accept crypto) has seen shares rise more then 250% in the last six months as it rides the crypto wave.
Scott Cutler, senior vice president of eBay Americas, told Yahoo Finance in an interview this week that the online retailer is “seriously considering” accepting bitcoin, but “we’re not quite there yet.” Payments in bitcoin aren’t exactly becoming commonplace, but they are slowly becoming more common: even a New York City preschool is accepting bitcoin for tuition. At some point in November, mobile-payments company Square (SQ) quietly rolled out a new feature to a small number of users on its Square Cash app: the ability to buy and hold bitcoin. Square CEO Jack Dorsey (also CEO of Twitter) told Yahoo Finance in October, “There’s nothing more impactful to our business than digital currency.”