The CEO of eBay :we are considering intergrating bitcoin actively

[Balkhole]

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

[hilariousandco]

I hope they do it. The more companies accept bitcoin, the more stable the currency becomes, which will invite more businesses to join.


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

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.

[Nathan101]

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?

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?

[_smudger_]

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?

[bitgeek]

I hope they do it. The more companies accept bitcoin, the more stable the currency becomes, which will invite more businesses to join.


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

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.

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.

[Ron~Popeil]

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.

[hilariousandco]

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?

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

I hope they do it. The more companies accept bitcoin, the more stable the currency becomes, which will invite more businesses to join.


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

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.

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.

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.

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'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.

[Beliathon]

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

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

[Beliathon]

Bitcoin will be mainstream when people are using Bitcoin without even realising it.

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.



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.

[murraypaul]

Bitcoin will be mainstream when people are using Bitcoin without even realising it.

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.

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

[Razick]

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

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

[Ron~Popeil]

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

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

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. 

[_Miracle]

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.

[bryant.coleman]

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.

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.

[moni3z]

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.

[tupelo]

that's a plausible scenario

[CoinDiver]

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.

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.

[Bit_Happy]

Bitcoin will be mainstream when people are using Bitcoin without even realising it.

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.

...

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.

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.

[RepublicSpace]

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...

[RepublicSpace]

...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.