This Dark Web Market is Planning to Add Support for Ethereum

One of the most well-known dark markets is looking to add support for ethereum in the coming weeks.

Mar 20, 2017 at 3:55 p.m. UTC
Updated Sep 11, 2021 at 1:10 p.m. UTC

One of the most well-known dark markets is looking to add support for ethereum in the coming weeks.

A moderator for AlphaBay – one of the world's most popular dark markets, according to data from DeepDotWeb – took to Reddit over the weekend to announce that it would integrate ether payments beginning on 1st May.

According to a PGP-signed moderator post on the AlphaBayMarket subreddit, recent price increases drove the integration decision.

The moderator wrote:

"We are currently laying out the framework to make ETH acceptance possible, and we will enable ethereum deposits and withdrawals starting May 1st, 2017. Vendors wishing to accept ethereum can edit their listings and set the 'Accept ETH' to 'On' in order to be able to be paid in ethereum."

It's not the first time the market has looked to digital currencies beyond bitcoin for listing. AlphaBay previously made waves in August 2016 when the market announced the integration of privacy-centric digital currency monero as a payment.

The moderator indicated that other platform upgrades are pending.

"We have plenty of new stuff in the works, so expect more updates in the near future," they said.

Image via Shutterstock

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