Sources say EBay and PayPal are planning to accept Bitcoin

Ebay could just be waiting for some light down the regulatory tunnel to start accepting Bitcoin as a payment at eBay and PayPal. The information was recently revealed to CNBC by sources from inside the company.

The firm is yet to make a decision, but meanwhile both eBay US and eBay UK will take a step forward by allowing its customers to buy and sell Bitcoins for the first time within the platform’s Classified Ads section.

A spokesman for eBay said that “alternative currencies like Bitcoin have the potential to be disruptive technologies but they are all still in the early stages of development. We’re closely following this area and look forward to seeing how it develops”.

The company’s interest in cryptocurrency is well known, with PayPal’s CEO David Marcus recently tweeting a promising message: “We treat BTC and any FX the same way. We’re believers in BTC though”. However, this interest has never been completely fulfilled.

In case this announcement becomes true, Amazon will be the one big company left alone in the no-Bitcoin spotlight. The online retailer has already said it sees no interest in using the virtual currency. Spokeswoman Julie Law recently admitted “Amazon does not accept Bitcoin and has no plans to do so”.

Bitcoin Video Crash Course 

Dummy-proof explainer videos enjoyed by over 100,000 students. One email a day for 7 days, short and educational, guaranteed.

We hate spam as much as you do. You can unsubscribe with one click.

newest oldest most voted
Notify of