PayPal considering adding Bitcoin

May 17, 2014
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PayPal considering adding Bitcoin

EBay added a virtual currency section to its website early last month, giving Bitcoin and similar users the option to buy and sell the digital monies. The company may be extending its cryptocurrency embrace to include support on PayPal.

The information came from eBay's CEO John Donahoe, who said so during the company's shareholder meeting earlier this week. It is no secret that Donahoe looks favorably upon digital currencies, and he praised the "exciting and emerging technology" during the latest meeting.

According to Donahoe, eBay views Bitcoin as being a potential game-changer in the future, though how it'll impact industries and how eBay wants to utilize it is still something being contemplated. He summed it up by saying that "[Bitcoin is] on our radar."

There's no guarantee at this point that PayPal will ever integrate Bitcoin into the service, but considering Donahoe's past discussions about the matter and eBay's recent launch of a virtual currency section, the possibly seems likely.

SOURCE: International Business Times


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