EBay payment unit reportedly weighing acceptance of bitcoin

Fortune

EBay is reportedly mulling the integration of bitcoin into a payments subsidiary, but the virtual currency’s enthusiasts won’t yet be able to make purchases on the online marketplace, or through PayPal.

While that could change over time, The Wall Street Journal reported that EBay [fortune-stock symbol=”EBAY”] is quietly looking into the integration of bitcoin into its Braintree payments subsidiary, citing people familiar with the matter. Braintree, according to the Journal, provides software for payments processing mobile companies like Airbnb and Uber.

It isn’t exactly a shock that EBay is weighing how it can integrate the virtual currency within its system. CEO John Donahoe earlier this year told CNBC he was weighing such a move, saying bitcoin “will play a very important role in the future.”

Bitcoin and other virtual currencies are a way for people to track, store and send payments over the Internet. While those payments can be processed…

View original post 124 more words

Advertisements