02 May '13, 4am

Will Bitcoin be accepted by PayPal? $EBay may open its wallet to the virtual currency.

Bloomberg John Donahoe, chief executive of eBay EBay may open its wallet to the virtual currency Bitcoin. The e-commerce heavyweight is exploring ways to integrate bitcoins into its PayPal payments network, Chief Executive John Donahoe said in an interview with The Wall Street Journal. “It’s a new disruptive technology, so, yeah, we’re looking at Bitcoin closely,” Donahoe said. “There may be ways to enable it inside PayPal.” Integration into PayPal’s network would give Bitcoin some much-needed legitimacy. Accepted by few retailers, the currency is held mostly by speculators hoping to profit from price fluctuations, which have been particularly volatile in recent weeks. Donahoe said eBay hasn’t yet made any commitments to use the currency. He said Bitcoin was reminiscent of music sharing sites Kazaa and Napster, which were found to violate trademark rights, but helped spawn...

Full article: http://blogs.wsj.com/digits/2013/04/30/could-paypal-be-on...

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