eBay CEO talks Bitcoin: "PayPal Will Have to Integrate Digital Currencies"
John Donahoe, president and CEO of eBay Inc. was talking about his company's future with digital currencies on CNBC. In the interview, he once again offered positive words about the future of technological advancements in money. '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.' Ebay's outlook has been positive, yet cautious and hesitant. In order for eBay to integrate Bitcoin may take a lot of changes and that may be the reason for the slow progress in comparison....
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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....
John Donahoe, CEO of online e-commerce marketplace eBay and its subsidiary PayPal, has once again hinted strongly that he sees the integration of bitcoin into his companies' offerings as inevitable. His new statements suggest that bitcoin may be more than simply on eBay's "radar screen" as he has previously suggested, and follow his May declaration at a shareholders' meeting that the company is "actively considering" integrating bitcoin into its online payment gateway, PayPal. In a new interview with CNBC, Donahoe reiterated that he expects bitcoin to play a role in the company's future....
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....
Payments firm Braintree, a subsidiary of eBay and PayPal, is "in talks" with Coinbase and several other processing companies on the possibility of accepting bitcoin, according to a Wall Street Journal report. Braintree provides payments software for a number of popular mobile applications including Uber, Airbnb, and GitHub. The company, which was acquired by PayPal for $800m in December last year, was processing up to $12bn in payments annually at the time - $4bn of that via mobile apps. No matter which bitcoin processor Braintree may choose, accepting digital currency would represent....
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....