When reading the news, you always have to read in between the lines. Having some experience on both the industrial and the reporting side of the equation, I can tell you that reporters have to stay neutral and report the obvious facts, and not the hidden truths.
When it comes to crypto, everything that matters are the hidden truths. The big players are always doing something sneaky, or there’s some hidden price pump planned that you just can’t see by reading a crypto blog on its face value.
So knowing this, I think I caught something pretty neat when I found an article announcing that eBay is going to fire PayPal and partner with Adyen for eBay’s payments infrastructure. You might have seen this article and thought, oh that’s nice – I guess PayPal’s stock falls and Adyen’s rises. I thought the same thing, I mean, when you think about PayPal, you’re usually also thinking about eBay. In the old days, PayPal was like almost the only way you could pay and receive funds easily for eBay items.
Well, anyway, so that got me wondering why eBay would do that in the first place. So I realized that PayPal has this concrete policy of no cryptotrading: No buying or selling crypto with PayPal. Well, what if eBay wants to accept crypto as payment? You can find quotes by eBay V.I.P’s stating that they’re really in favor of adding crypto to their system. To make that a reality, surely they could partner with CoinPayments or another third party in conjunction with PayPal, but that seems too cumbersome. There really isn’t a crypto payment system that integrates well with a large site like eBay. Most companies have to create their own internal crypto payments system from scratch.
That said, eBay probably wants a partner who’ll take care of payments as a whole, including crypto – and that’s Adyen. If you do a simple Google search, you’ll find that Adyen accepts bitcoin, while also handling credit and debit card processing. They’re eBay’s ideal all-in-one payments processor partner.
Since most crypto investors have ADD, they only scour the headlines and main text for glaring signs of price pumps and dumps. Nuance news such as this will probably go undetected by them.
So if you’re reading this and I turn out to be right, then it’s likely we might see a significant price pump this summer if Adyen integrates a crypto payments system with eBay’s platform. It might start out indirect – you’ll have to send crypto to Adyen, who’ll redirect you to eBay or something like that. But this could mean a nice boost in price.
Do not follow me or rely on my word for your own crypto trading. This is not investment advice – it’s a blog post about my own adventures in trading cryptocurrencies. If you choose to copy my decisions, you do so at your own potentially probable financial peril. I’m not an expert in cryptocurrency trading and do not purport to be.