eBay opens up a new category for non-existent coins
Ever wanted to be a virtual millionaire? Well now the UK’s favourite online auction site can help you pursue your dreams, with a new ‘virtual currency’ category scheduled to go live on 10th February.
Bitcoins have gained massively in both popularity and value recently, but much like anything else, bu the time it’s popular, is there any room to make money. eBay certainly seem to think so. The new category will be a classified-ad only item, meaning that eBay ‘purchases’ are not binding, but merely a way of introducing buyers to sellers online. A bit like Bitcoin Dating.
For now at least, the new category will only be available on eBay UK, presumably while the bosses upstairs ponder on whether this will be big for eBay, or whether the only people interested in buying are happy to frequent geekish Bitcoin fora in shady places on the net.
Still, the UK is an interesting choice for a launch, given the current furore and confusion over the tax treatment of Bitcoins in the UK, not least whether those selling them ought to account for 20% VAT (once minimum thresholds are surpassed). It might have been easier to launch on the German eBay site, where the treatment of Bitcoins is more clear. For now, anyway.
So will you be picking up few Bitcoins with your children’s clothes on eBay, or do they belong on a black market somewhere, rather than on a red, blue, yellow and green one?