Ebay CEO finally surrender to Bitcoin

[CryptoCurrencyInc.com]

Ebay CEO finally surrender to Bitcoin.
His company Ebay is far behind many other big fortune 500 companies that's currently accepting Bitcoin.
One of the biggest company Dish Network beat them to the race. Ebay is now left behind to eat dirt.

They are now looking at many different angles on how to let their customers pay using Bitcoin on Ebay.

related article:
eBay CEO Says Digital Currency Integration Coming 'Very Soon'
http://www.ibtimes.com/paypal-getting-bitcoin-ebay-ceo-says-digital-currency-integration-coming-very-soon-1594904

Bitcoin key to future of online payments: EBay CEO
http://www.cnbc.com/id/101734293

[Ron~Popeil]

Ebay CEO finally surrender to Bitcoin.
His company Ebay is far behind many other big fortune 500 companies that's currently accepting Bitcoin.
One of the biggest company Dish Network beat them to the race. Ebay is now left behind to eat dirt.

They are now looking at many different angles on how to let their customers pay using Bitcoin on Ebay.

related article:
eBay CEO Says Digital Currency Integration Coming 'Very Soon'
http://www.ibtimes.com/paypal-getting-bitcoin-ebay-ceo-says-digital-currency-integration-coming-very-soon-1594904

Bitcoin key to future of online payments: EBay CEO
http://www.cnbc.com/id/101734293

Now we need to get Amazon. Resistance is futile.

[beetcoin]

whoa, nice.. by this time next year, a lot of big companies will have adopted bitcoin. if wallstreet jumps in on it too, i'm thinking $10k isn't that crazy of a prediction.

[adamselene]

He's been teasing integration for some time now. Good to see they're almost ready to unveil their plans though.

[Ron~Popeil]

He's been teasing integration for some time now. Good to see they're almost ready to unveil their plans though.

I am curious as to how they implement it. If they make you use paypal for bit coin you could see the same kind of frozen asset junk from them.

[RenegadeMind]

I'm curious as to what this will mean for Blockchain.info. Could they step up their offerings to be the next "PayPal"?

[beetcoin]

I'm curious as to what this will mean for Blockchain.info. Could they step up their offerings to be the next "PayPal"?

what's that even mean though? paypal provides a service that bitcoin circumvents the necessity for.

[BigBoy89]

nice information
soon we will see bullish price after ebay proclaim it

[ABitNut]

It was inevitable anyway. Just a matter of time. Paypal will not be beaten by bitcoin. They will adopt it too, and earn money from it.

I still wonder what "very soon" is.

[Ron~Popeil]

nice information
soon we will see bullish price after ebay proclaim it

We are seeing a bullish price right now. This is just icing on the cake.

[BigBoy89]

nice information
soon we will see bullish price after ebay proclaim it

We are seeing a bullish price right now. This is just icing on the cake.

yeah, but i hope more bullish than now
ebay officially accept bitcoin is huge news and people will buy BTC like crazy

[hilariousandco]

Call me a cynic but for some reason I just don't really believe him. I'll believe it when I see it, but I hope nothing more than they're actually working to implement it right now as getting ebay/paypal involved will be huge. I'm really intetested to see how they actually handle it though and what cut they take in fees etc.

[Light]

Call me a cynic but for some reason I just don't really believe him.

Yeah, I've analysed it before and I cannot see the business model that will support them. I suppose this could be the theoretical infrastructure that will make it easier for laypeople to use Bitcoins (at the cost of additional fees) but considering that most of us who are using at the moment aren't bound by knowledge I don't understand how they'll generate any revenue. Not to mention, they already have a poor reputation among those who trade - too much room for scamming.

[ABitNut]

Call me a cynic but for some reason I just don't really believe him.

Yeah, I've analysed it before and I cannot see the business model that will support them. I suppose this could be the theoretical infrastructure that will make it easier for laypeople to use Bitcoins (at the cost of additional fees) but considering that most of us who are using at the moment aren't bound by knowledge I don't understand how they'll generate any revenue. Not to mention, they already have a poor reputation among those who trade - too much room for scamming.

No business model to support them? Paypal is an exchange. If there is a business model supporting bitcoin exchanges then there is a business model for Paypal (and Ebay) to offer this too.

And I do believe bitcoin exchanges are profitable. Also, Paypal is a familiar to many people and will be trusted more. Especially since the gox incident got so much exposure I can see (non bitcoin enthusiasts) picking Paypal over some other established bitcoin exchanges. This seems like a (maybe the final) opportunity for Paypal to come in and steal the market.

[Ron~Popeil]

Call me a cynic but for some reason I just don't really believe him.

Yeah, I've analysed it before and I cannot see the business model that will support them. I suppose this could be the theoretical infrastructure that will make it easier for laypeople to use Bitcoins (at the cost of additional fees) but considering that most of us who are using at the moment aren't bound by knowledge I don't understand how they'll generate any revenue. Not to mention, they already have a poor reputation among those who trade - too much room for scamming.

No business model to support them? Paypal is an exchange. If there is a business model supporting bitcoin exchanges then there is a business model for Paypal (and Ebay) to offer this too.

And I do believe bitcoin exchanges are profitable. Also, Paypal is a familiar to many people and will be trusted more. Especially since the gox incident got so much exposure I can see (non bitcoin enthusiasts) picking Paypal over some other established bitcoin exchanges. This seems like a (maybe the final) opportunity for Paypal to come in and steal the market.

It is a sensible move from a business perspective for sure. More and more fiat is turning into bit coin and they want a piece of it. 

[freedomno1]

The question of implementation is something I wonder about should be fairly easy if they work with another organization
Anyways hope his teasing will result in something coming out soon

[Bubbles06]

I'm curious as to what this will mean for Blockchain.info. Could they step up their offerings to be the next "PayPal"?

what's that even mean though? paypal provides a service that bitcoin circumvents the necessity for.

Not really. PayPal connects with your bank account. It's not like people are going to stop using USD completely any time soon.

[CryptoCurrencyInc.com]

Ebay should just allow their customers to pay using Bitcoin separately from Paypal.
This way, Paypal is not controlling Ebay's payment system. Unless Ebay is own by Paypal 100% then that's a whole different story.

[ABitNut]

Ebay should just allow their customers to pay using Bitcoin separately from Paypal.
This way, Paypal is not controlling Ebay's payment system. Unless Ebay is own by Paypal 100% then that's a whole different story.

On October 3, 2002, PayPal became a wholly owned subsidiary of eBay

[Ron~Popeil]

Ebay should just allow their customers to pay using Bitcoin separately from Paypal.
This way, Paypal is not controlling Ebay's payment system. Unless Ebay is own by Paypal 100% then that's a whole different story.

Then they would be on the hook for their buyer protection thing and have no way to collect their fees.