Want to sell your old sofa for cryptocurrency? Now you can do so with the help of Craigslist, which has added a new button on their posting details section. This button will indicate whether the seller is okay with accepting the cryptocurrency as a payment. Craigslist is a minimalist site that allows people to advertise their products, services, jobs, or any other kind of “gig.” It was founded in 1995 and hosts more than 80 million ads monthly.
However, Craigslist will not process the payments. Hence, buyers, and the sellers will have to carry out the transaction on their own behalf at the point of sale. Moreover, the users can also classify ads on the basis of whether they accept cryptocurrencies or not.
The new functionality was observed by a user on Reddit while creating a new listing. By officially accepting cryptocurrency, the site has promoted a method of payment that both the buyers and the sellers can trust. The issue of finding a trustworthy mode of payment has been an issue that is faced by my Craigslist users. This is definitely a positive step towards its resolution.
Craigslist users have been paying with cryptocurrencies for their purchase ever since Bitcoin was developed. However, this new feature will raise awareness among the masses regarding the benefits of cryptocurrencies, such as Bitcoin and Ethereum.
The acceptance of cryptocurrency on the site has ushered a new era of normalization of cryptocurrency. Cryptocurrency is being used by more and more merchants in the retail sectors. By giving the option to accept payments via cryptocurrency, Craigslist accepts how successful the phenomenon of cryptocurrency is.