eBay Could Add Cryptocurrency Payments As It Joined Enterprise Ethereum Alliance Along With Foxconn And PwC

The most famous association of companies focused on blockchain research, the Enterprise Ethereum Alliance (EEA), has just added 74 new members, including eBay, Foxconn, the Taiwanese multinational technology products company, and the international consulting firm PwC. Exciting is the addition of eBay which could finally add cryptocurrency payment method, hopefully.

Foxconn to work on smart supply chain contracts within the Enterprise Ethereum Alliance (EEA)

The Taiwanese technology company, a producer of equipment such as iPad, Kindle, PlayStation 4, among others, invested in the fundraising for the Abra Bitcoin wallet, which raised $35 million.

Also, it was chosen to develop the smartphone focused on cryptocurrency market and blockchain conceived by Sirin Labs. Foxconn’s addition to the EEA is likely to be oriented towards the use of smart supply chain contracts for its products.

eBay could finally add cryptocurrency payment method

The integration of eBay into the EEA marks a new milestone for companies interested in using blockchain in their operations. Already in the past, this online auction platform, which achieved a net revenue of $9.6 billion by the end of the last fiscal year, made public its interest in beginning to accept Bitcoin (BTC) as a payment method. And although at the moment it has not revealed its intentions within the EEA, it is very likely that these will be oriented towards facilitating the management of cryptocurrency transactions in its platform.

PwC has been involved with blockchain before

PwC’s history in the blockchain field is much longer and more diverse, and its reliance on cryptocurrency has reached the point of accepting Bitcoin (BTC) payments at its Hong Kong headquarters. Among its latest actions related to the crypto-verse, there is the testing of a tool to track the global footprints of crypto-actives issued in ICOs.

With its integration into the EEA, it accompanies Deloitte as two of the so-called big four consulting firms within the of the Enterprise Ethereum Alliance.

Including these three companies, eBay, Foxconn, and PwC, another 71 new members joined the Enterprise Ethereum Alliance, a network of over 500 members including Fortune 500 companies, startups, academics and technology experts, blockchain and Ethereum-based companies.

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About the Author: Anna Galvez

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