Bitcoin May Be Coming to PayPal

The eBay CEO is considering implementing the digital currency

   

Bitcoin May Be Coming to PayPal

eBay (EBAY) is considering using Bitcoin as an alternative form of payment through PayPal.

PayPal185 Bitcoin May Be Coming to PayPalCEO John Donahoe spoke on the subject during a shareholders meeting on Tuesday, saying that the crypto-currency could have a future in PayPal wallets. “In fact, PayPal is pursuing digital payments and is the leading digital payments alternative in many different environments,” Donahoe said.

There are several retailers including Lord & Taylor that are starting to implement Bitcoin as a form of payment in stores. However, adding the digital currency as a form of payment on PayPal could be complicated considering the volatile nature of Bitcoin.

EBAY stock is up about 1.25% Friday.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/05/bitcoin-paypal-ebay/.

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