Speculation That ICE Could Buy eBay, Which Could Lead To eBay Accepting Bitcoin

February 6, 2020 / by Crypto.IQ

There is speculation going around that the Intercontinental Exchange (ICE) could buy eBay, and that would lead to eBay accepting Bitcoin (BTC) as a payment method.

It started with a report in the Wall Street Journal that ICE was looking to buy eBay’s marketplace and that the deal would give eBay a valuation of $30 billion.

However, this report was based on information from anonymous sources, and ICE stepped in to clarify. Essentially, ICE said it did look into buying eBay, but eBay did not engage in any meaningful way, and no negotiations have taken place.

So it seems to be a longshot that ICE will even buy eBay. Despite that, there is speculation that if ICE does eBay, it could lead to eBay accepting Bitcoin (BTC).

This is because ICE owns Bakkt, a crypto exchange dedicated to expanding crypto adoption. It would be logical for Bakkt to facilitate crypto payments on eBay if eBay and Bakkt are owned by the same parent company.

That being said, Bakkt has yet to release its long-promised app that would expand crypto adoption. Even if ICE owned eBay and Bakkt had launched its crypto payments app, there would still be no guarantee that eBay would accept crypto.

So there are a lot of ifs for this long-shot possibility that ICE could buy eBay, and this could lead to Bitcoin (BTC) being used on eBay. At this time, however, there is nothing backing this scenario besides rumors and speculation.