eBay UK, Paypal & Zynga are bringing Bitcoin to the mainstream
Gone are the days when Bitcoin was considered as a currency for geeks and those in the darker corners of the internet. Adding eBay to the list of trading platforms for Bitcoin has been a reason to rejoice for Bitcoin enthusiasts all over the world as this move makes Bitcoin a whole lot more accessible. eBay is launching a dedicated Virtual Currency category on eBay Classifieds in the UK on 10th of February. eBay Classifieds, their Craigslist killer is providing a platform for legitimate buyers and sellers to connect for the sale of virtual currency. The Classified Ads category will....
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In September 2014, eBay announced plans to separate eBay and PayPal. In a recent SEC filing, eBay confirmed that a newly formed corporation named PayPal Holdings, Inc. ("PayPal") will take over the businesses that make up eBay's payments segment. eBay, the existing publicly traded corporation, will continue to operate its marketplaces business. The separation, which will provide current eBay stockholders with equity ownership in both eBay and PayPal, will be effected by means of a pro rata distribution of 100 percent of the outstanding shares of PayPal common stock to holders of eBay....
In their recent SEC filing, eBay and PayPal confirmed plans to allow merchants with a standard account to accept bitcoin payments through third-party processor Braintree. This company was acquired by eBay for $800 million in September 2013 and will now be part of PayPal Holdings. In the same SEC filing, eBay and PayPal have announced the formation of a new corporation called PayPal Holdings that will take over the businesses in eBay's payments segment. Meanwhile, eBay will continue to operate its marketplace business as a publicly traded corporation. "As two distinct publicly traded....
In an email from Ebay they share their plans to open trade for cryptocurrencies like Bitcoin on 10th February 2014. This is a shift from their present policy that bans the sale of digital currencies. Many virtual currency experts are urging caution when trading virtual currencies on EBay using Paypal, however, as the risk for charge backs are still very real using PayPal. At it's core, EBay is built to be a major venue to trade these assets. Forecasting an advancement in payment processing as large as virtual currencies offer was impossible when EBay bought PayPal in 2002. Not a person in....
Zynga hasn’t had much to celebrate lately — the social gaming company suffered a huge drop in users last year and it hasn’t had a hit title in some time. But now it’s taking a new tack, turning to the Bitcoin community. In a post on Reddit’s Bitcoin subreddit last night, the Zynga team said it is currently “testing expanded payment options for players to make in-game purchases using Bitcoin,” specifically through the payment provider Bitpay. Currently, only seven Zynga games support Bitcoin payments, most of them titles in Zynga’s derivative “ville” series: CastleVille, ChefVille,....
After more than a decade of being part of eBay Inc. , PayPal will return to the stock market as an individual company. Shares of PayPal (PYPL.O) jumped up 11% in value as people anticipate the company’s return to NASDAQ. With that rise, and adjusting for market stabilization, PayPal is now valued at about $52 Billion. Online payments have changed considerably since 2002 when eBay acquired PayPal, and the popularity of PayPal has lead to a relationship that hinders the potential of PayPal. Processing over $235 billion in 2014, PayPal handles some massive transaction volume on a daily basis,....