21 Jan '14, 4am

eBay UK to allow Bitcoin sales in 'virtual currency' category

eBay UK to allow Bitcoin sales in 'virtual currency' category

PayPal President David Marcus. (Credit: Stephen Shankland/CNET) It seemed like it was only a matter of time before e-commerce giant eBay and its payment platform PayPal addressed the sale and use of Bitcoin on its sites. And, despite concern from government regulators , it appears the company believes in virtual currencies -- so much so, that it will soon start allowing their sale on its UK site. Last week, PayPal President David Marcus tweeted "To clarify: we have no policies against using PayPal to sell Bitcoin mining rigs. We don't support any currency txn whether fiat or BTC... for a host of regulatory issues. But we treat BTC and any FX txn the same way. We're believers in BTC though." Then, a couple of days later, eBay sent an e-mail to one of its merchants that was published on Reddit that said the company plans to open a "Virtual Currency" category for the sale of ...

Full article: http://news.cnet.com/8301-1023_3-57617502-93/ebay-uk-to-a...

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