PayPal Likes Digital Currencies? Yawn

PayPal Likes Digital Currencies? Yawn

It's hard to not get frustrated when everyone starts jumping for joy after a televised interview in which eBay CEO John Donahue told Bloomberg that PayPal is building a digital wallet for multiple cryptocurrencies. Because, of course, it is. The e-payments giant would be silly not to. Paypal, which is owned by eBay, is the pioneer in digital payments and they already accept over 25 foreign currencies - basically, all of the ones that matter, with the exception of the Chinese RMB. New digital currencies like bitcoin will likely interact with PayPal's systems in the same manner as existing....


Related News

eBay CEO John Donahoe: PayPal Will Have to Integrate Digital Currencies

eBay CEO John Donahoe by now isn't a stranger to making comments about digital currencies. He's gone on the record before to speak about the possibilities of digital currency integration into PayPal, and he's done so yet again. PayPal, of course, is a subsidiary of eBay, and remains a top payment network on the internet. Appearing in a CNBC interview, Donahoe said: "I think there's no doubt digital currency is going to play an important role going forward, and at PayPal, we're going to have to integrate digital currencies into our wallet." Interesting remarks indeed, and the community....

BREAKING NEWS: Ebay will allow Bitcoin Trading

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....

eBay president John Donahoe: PayPal may accept bitcoin in the future

The president of eBay has revealed that his company is preparing to expand the range of digital currencies it accepts. In an interview with the Financial Times, John Donahoe even went as far to say that PayPal could, one day, incorporate bitcoin. He said digital currency is going to be a "very powerful thing", but said the ecommerce group is first going to focus on incorporating reward points from retailer loyalty schemes into its PayPal wallet. Donahoe said using PayPal as a digital wallet will make it a lot easier for consumers to keep track of their reward points. When asked....

eBay Building Digital Wallet That Stores 'Multiple Types' of Currency

John Donahoe, eBay's CEO, has confirmed that the company is building a digital wallet for PayPal that can take multiple types of currency. Speaking to Bloomberg, Donahoe dismissed calls made by activist and investor Carl Icahn, who recently called for PayPal to be spun off into an independent company. Donahoe disagreed, believing PayPal and eBay should stay just the way they are. No spin, no spin-off. "Mobile is the most important platform shift that has happened arguably in the last decade. When mobile first started no-one would have downloaded a PayPal mobile app," he said. However,....

eBay CEO John Donahoe: PayPal "Building a Digital Wallet That Can Take Multiple Types of Currency"

In a conversation on Bloomberg program "Street Smart" surrounding activist investor Carl Icahn's proposal to make PayPal it's own company, eBay (who owns PayPal) CEO John Donahoe released an interesting tidbit of information surrounding digital payments, and their future at PayPal. "There's nothing that's holding PayPal back from pursuing digital payments today," said Donahoe in response to a question asked by the program's co-host, Matt Miller. "In fact, PayPal is pursuing digital payments and is the leading digital payments alternative in many different environments." "For now, right?....