Ebay is Watching Bitcoin
Ebay is exploring the digital wallets niche and soon may be integrating bitcoin. Recently, Ebay has been trying to obtain a larger number of retailer clients on to its e-commerce platform, and now the company is looking to expand the number of digital currencies it accepts. In an interview with the Financial Times, John Donahoe, chief executive at eBay, said "Digital currency is going to be a very powerful thing." Corporate initiatives are boosting the interest in digital wallets in order to facilitate online shopping. Banks, retailers, mobile and technology groups companies, are competing....
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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....