eBay is “actively considering” Bitcoin integration

When it comes to paying for stuff online, there are many options that you could get around doing so. For starters, credit cards always do come in handy, but another avenue would be to make use of a Paypal account. It does seem as though Paypal might eventually feature the Bitcoin currency option, as hinted by the CEO of eBay, John Donahoe. Paypal is a subsidiary company of eBay, where at the eBay shareholder meeting last week, Donahoe went on about how virtual currencies are “exciting and emerging” as shareholders searched for new ways to extend the services that are currently offered by the eBay group.

John Donahoe, CEO of ecommerce giant eBay, said he is actively considering an integration of popular digital currency bitcoin with the company’s payment processing service PayPal. In a Q&A session at the company’s annual shareholder meeting on 13 May, Donahoe said bitcoin is “a new, exciting and emerging technology” with lot of potential. “We think bitcoin will play a very important role in the future. Exactly how that plays out, and how we can best take advantage of it and enable it with PayPal, that’s something we’re actively considering. It’s on our radar screen.” This is not the first time Donahoe has spoken about his positive view of bitcoin. In an interview with Bloomberg in February, he said that multiple digital currencies can be integrated into PayPal and are not posing a threat to his business.