Bitcoin May Be Coming to PayPal

by Karl Utermohlen | May 16, 2014 3:53 pm

eBay (EBAY[1]) is considering[2] using Bitcoin as an alternative form of payment through PayPal.

PayPal[3]CEO 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[4] 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.

More Bitcoin and PayPal News

Endnotes:

  1. EBAY: http://studio-5.financialcontent.com/investplace/quote?Symbol=EBAY
  2. considering: http://www.ibtimes.com/bitcoin-may-be-coming-paypal-soon-critics-say-its-not-worth-trouble-1585068
  3. [Image]: https://investorplace.com/wp-content/uploads/2012/08/PayPal185.jpg
  4. Lord & Taylor: https://investorplace.com/2014/03/lord-taylor-bitcoin/#.U3ZoPqiwXRE
  5. Google Play Store to Accept PayPal Payments: https://investorplace.com/2014/05/google-play-paypal-goog-ebay/#.U3ZpA6iwXRE
  6. The Bitcoin ETF — Another Victim of Failed Market Timing?: https://investorplace.com/2014/05/winklevoss-bitcoin-trust-bitcoin-etf/#.U3ZoN6iwXRE
  7. Winklevoss Twins Book Space Trip With Bitcoin: https://investorplace.com/2014/03/winklevoss-twins-book-space-trip-bitcoin/#.U3ZoxqiwXRF

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