Bitcoin Forum

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John Donahoe ,the CEO of eBay told the shareholders yesterday that the company is considering intergrating bitcoin and PayPal actively .When talking about bitcoin potentiality on the global ,he responded that digital currency will play an important role in the future .
Donahoe said ,he cant imagine how bitcoin to be a more mainstream technology .eBay is considering joining in digital currency directly .
It’s not the first time that Donahoe talks about his interest in bitcoin .Last year ,he said he may add bitcoin payment option to PayPal .But this time he is more active than the past .In 2013,eBay is only searching for digital currency .He said ,I have spent much time researching it .It’s fascinating ,including its design and mining .
Attentively ,Donahoe latest opinion is not from his individual angle but the company .
Donahoe is not the only one Senior manager in eBay .Last year ,David Marcus ,the CEO of PayPal claimed that he is the fans of digital currency and will join in bitcoin payment option one day .
Though bitcoin payment option hasn’t been intergrated temporarily ,eBay has begun digital currency activity .At the beginning of April ,its website adds “virtual currency”sign ,allowing clients to buy and sell digital currency ,mining hardware and contract .However ,the company only revises some original parts but not advocates it strongly .
In addition ,According to the patent application on December ,2011,eBay is planning to build up a new digital currency payment system ,including bitcoin .Meanwhile ,it will develop different kinds of digital currency wallets .

Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can  correct it.
source: http://www.coindesk.com/ebay-ceo-actively-considering-bitcoin-integration/
Source：http://m.cnbeta.com/view_293033.htm
Source：http://tech.qq.com/a/20130502/000023.htm
           

I don't believe this, where's the source?

Currently ebay and paypal are taking down anything bitcoin related, now all of a sudden they welcome it with open arms?

Super good news!

even if they only considering, just the talking about that is amazing.

Bitcoin community badly needs news as good as this. I will be interested in the source though, any links?

Source please?

http://www.coindesk.com/ebay-ceo-actively-considering-bitcoin-integration/
http://www.ecommercebytes.com/cab/abn/y14/m05/i14/s01

Not really that they're considering it, but more keeping an eye on it really.

i think the CEO is saying they are thinking about implementing bitcoin because they want to erase their negative publicity and anger from their customers over them (ebay/paypal) banning bitcoin. they wont be implementing it unless its kicking and screaming.

if they do implement bitcoin
i see paypal as the middle man still (abitrator) in a bitcoin transaction
they can still screw you over

Don't pay any attention to people posting bullshit if they don't provide any source or evidence.

Even if that's the case,  the BTC community will be very pleased that any organization that is powerful with big name like eBay will say that it just keep BTC in mind cause that could make a large change in the trust of who not believe in the BTC and by that rise of new business that believe in that coin and wanna earn it for a future use in eBay

Do a couple of seconds of research and you'll see it's not bullshit, but it's not as exciting as the headline makes out.

Didn't they already have some sort of patent pending for bitcoin?

It's possible that Paypal integrates some bitcoin feature. Maybe acceptance and exchange.

But in the end Bitcoin will render Paypal obsolete. So all of ebay's efforts to stay in the money transmitter business will be in vain. Of cause not before they've introduced some more annoying features that restrict bitcoins use to serve their profit.

Bitcoin will be the end of Paypal. Quote me on that.

We hope, but I wouldn't be so sure. Plus, Bitcoin is always going to need payment processors so they'd be wise to try and accommodate it or even create their own 'bitpal' or something.

last year also he expressed his interest in bitcoin. ebay also created a category of crypto listing. probably his move will be integrating bitcoin into paypal.

That is definitely not the case. Just a few weeks ago, Paypal was banning its users and freezing their funds for trading in Bitcoins. Such hostile attitude means that Paypal remains scared of Bitcoin.

I can guarantee that if PayPal enters Bitcoin, that BitPay will be finished.

Tony Gallippi won't be to pleased with this. There goes his $30 million that Bitpay just raised. Then The Bitcoin Foundation will flounder and fail afterwards I bet.

Good or bad? Hmm...

That would be reason enough to celebrate IMO. No idea why people think we need some sort of 'body' to give us credence (not that they actually do).

@OP: Maybe if Bitcoin gets big enough (ie a large enough userbase) but I'm not expecting that this will happen anytime soon. Bitcoin poses a threat to PP so I'm sure they'd weigh up the cost of supporting a competitor against the value of a larger userbase.

Money does not follow business. Business follows the money. They wont do a single thing to promote bitcoin. So they'll do everything to dodge it and run on FIAT. The moment they see Bitcoin is infiltrating the public en masse, they'll jump on the bandwagon. Why ? Money is there.

p.s. Even PayPal does not like the forex charges ;)

I hope they do it. The more companies accept bitcoin, the more stable the currency becomes, which will invite more businesses to join.
https://www.charteredaccountants.com.au/secure/Assets/Uploaded-CMS-Files/Sustainability_021334_BlogImage_160x151-a442f63a-e2f5-4cfc-a268-55ebc0b07163.jpg

Another thing is that IMO Paypal will do anything they can to discourage Ebay from acepting BTC

That's very interesting considering how paypal and ebay are buddies.

Why do you think that? They're essentially the same company. I think Paypal can obviously see the benefits of Bitcoin and would be wise to try work with or accommodate it in some way rather than ignore it or try squash it in someway. I think and hope it's here to stay and it's only a matter of time before the rest of the world see/realise the benefits. I think PayPal/eBay probably see this too.

I agree with you. I haven't found anything like this. I search on internet but haven't got anything like this. What is the source?

One day paypal will wake up to the fact that Bitpay are signing up 1000 businesses a month.

But by then, will they be too late to implement anything?

PayPal always fought Bitcoin, seeing it as a threat, which is understandable since Bitcoin is free, while PP takes enormous transfer fees and controls the money you have on their accounts.

If they integrate it into paypal I have zero interest in it. It is just another currency for them to freeze for months at a time while asking for a laundry list of documents proving we are not transsexual Satan worshiping terrorists.

I've said this before, but if Paypal were smart they'd either try buy a payment processor or create their own.


They can still make money on fees, but people won't use it if it's extortionate as it'll probably defeat the purpose of using Bitcoin.


I'm sure users like you and I won't use it, but if Bitcoin is going to go mainstream we'll always need payment processors, but if they do start freezing funds an doing other crappy stuff that PP does it won't get very far.

Yes. That is normal and healthy part of this transition process, believe it or not.

https://bobbiblogger.files.wordpress.com/2012/03/gandhi.jpg

When we've got wearable tech that stores our crypto wealth and detects the unique fingerprint that is our heartbeat pattern, that's when crypto will be mainstream.

Take off the bracelet, and your wallet is locked. Your money can't be touched unless your heartbeat is detected.

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THE END OF MUGGING. Theft as we know it will be obsolete. That's the future of money. That's what mainstream cryptocurrency looks like.

Possibly the end of theft, but of mugging?
Seems like "Transfer your funds or I'll beat you up" would work just as well as "Withdraw money from the ATM or I'll beat you up".

http://en.wikipedia.org/wiki/Express_kidnapping

Before you insult people posting real news stories, take a few seconds and google it for yourself instead of assuming that they are posting "bullshit."

http://lmgtfy.com/?q=ceo+of+ebay+considering+bitcoin+implementation (http://lmgtfy.com/?q=ceo+of+ebay+considering+bitcoin+implementation)

That requires actual work though. If I have to spend time researching anything on my own I lose interest. It cuts into my candycrush time.  8)

I would settle for ebay allowing me to offer (and accept) bitcoin as payment.
Paypal works well for me most of the time but I'd like options.
Paypal doesn't need to be an intermediary for bitcoin transactions unless they would be guaranteeing payment and even then as a seller I'd rather accept btc/xbt directly
(though I can see why a buyer would rather not).


I haven't used or accepted a check on ebay for years but it's still in the options list for selling, along with "other": bitcoin should be an acceptable option in "other"
I don't need Pay pal to interfere with a bitcoin transaction anymore than they would for a check payment.

Agreed. On top of the threats of frequent account freezes, they will charge very hefty fees also (both for transactions and for currency conversions). The only plus point is that the less tech savvy people will be able to buy Bitcoins easily.

Ebay can never directly accept Bitcoin because of their buyer protections and insurance policy. They should instead allow you to buy paypal reload cards for bitcoin or something.

that's a plausible scenario

I'm sorry, but this is simply wrong. Bitcoin will work within paypal exactly (EXACTLY) like other currencies work. USD for example. Once USD funds are taken out of your paypal account, there is nothing paypal can do to take those funds back. PERIOD. They can reduce your balance if left on paypal, they could charge one of your credit cards, or maybe withdrawal from your checking account that you've previously authorized. If I pull CASH out of my paypal account (easy, can do it at any ATM), they can not get it back in any way that would not also be applicable to bitcoin. NOTHING CHANGES FOR PAYPAL! The only reason they have not implemented bitcoin, is because with bitcoin it is possible to circumvent paypal, and bitcoin is still relatively unheard of. Once people know about bitcoin, paypal WILL BE FORCED to implement bitcoin, for fear of losing market share. They will provide a mainstream escrow/mediation service (buyer and seller protection) that bitcoin absolutely must have. Paypal will become one of the biggest players in bitcoin, but paypal doesn't care about bitcoin. it will be done out of necessity. They won't do it before it will hurt them not to.

I like your optimistic look at the future. Sadly, some desperate crook will drug their victim and transfer funds while their heart is still beating.
Still it's a pretty good upgrade over paper trash money.

Everyone wondering why PayPal/Amazon/WesternUnion like praising bitcoin but refuse to commit any resources to it...

...it's very simple: These companies all invested enormous capital building a legal framework that allowed them to establish their payment systems back in the 80s/90s. Paypal, for all intents and purposes is now considered 100% "legit", and the lobbying and legal fees that were spent to get to that point were extensive. They probably totally realize how innovative bitcoin is and would love to capture the bitcoin market, but...

...why should they risk mixing their existing business systems that smell like roses (due to all the $$$ they spent and spend) with a system like bitcoin that is still unproven and has an uncertain reputation? If Paypal/Amazon/WU added serious bitcoin support into their systems, they'd risk "poisoning" their existing payment infrastructure with something that might get negative attention from regulators.

They are going to be extremely careful before they get on board, that's just the way it is.

You are correct. They will not adopt until either a) the begin to lose market share that they can gain back (or slow the loss of) by incorporating bitcoin or b) they think it's inevitable that others will adopt, causing "a" to occur, and attempt to be first to market.

they are loosing market slowly but sure if they dont embrase bitcoin

like everyone in this thread I'm kind of skeptical about this, Bitcoin is a direct competitor to paypal technology wise, so implementing bitcoin directly to ebay will have negative effect on paypal, so the only I'm seeing this working is that bitcoin would be implemented to paypal, and paypal will be a proxy or rather an exchange platform that will have fees to keep them making profit, while paypal is good when you are using ebay as it offer some level of protection the costs are still pretty high imo

eBay... the Company that called Bitcoin the currency for "hackers and scammers" or something to that effect not long ago. 

The Bitcoin Foundation STRONGLY recommends...
That each of you set up a Cold Wallet by...

(a) loading Linux onto a (b) virgin laptop after (c) disabling WiFi.

Oh, nevermind.

As long as all currencies included in the Paypal list, the BTC currency can also be included.

 8)

Glad to see this change. It's about time that these guys got on board. Donahoe seems like a smart, forward-thinking guy so this comes as no surprise. Marcus is big on Bitcoin or so I've read, with a big stake in BTC.

It is good news!

Just talking about it is amazing cos BTC was noticed by eBay

They will do anything that gets them profit.

sorry to doubt you guys but this wont happen.

they are just sweet talking to the shareholders nothing more....

all i  can imagine they could do is u can deposit ur paypal account with bitcoins. and even here i am very spectical

They are never going to do that, at least they wont do something like that in the near future. Stop spreading these rumors.

It really is as simple as that.

but that would make paypal act as a bitcoin wallet. why will people use paypal for btc then?

Just as they act as a USD wallet... and a EUR wallet...

The biggest complain I see about bitcoin is scammers. Which isn't so much a complaint about bitcoin as it is a complaint about doing business directly p2p without an intermediary. Paypal becomes that intermediary, and bitcoin becomes safe to use (as safe as USD via Paypal). The second biggest complaint is that it's hard to use/understand. Paypal solves both of those as well, for those willing to pay the fees associated with using btc in the paypal system.

BUT, we won't see this until paypal sees the profit (not the utility) in it.

Interesting thing with that secure bracelet, but it won't work. During a mugging situation, won't your heart rate increase due to flight or fight? Your heart rate is not as similar as a fingerprint.

For business, There are no eternal rivals, apple vs Samsung? but apple still buy disply from Samsung, so for ebay or paypal, they can find a way cooperate with bitcoin in an certain form, that will make them not out of market totally, just like mircorsoft bought 2% of facebook to prevent other competitors.