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WSJ: eBay is Considering Accepting Bitcoin as Payment

eBay

eBay’s PayPal is in talks with Coinbase and other bitcoin transaction providers to integrate the virtual currency within its Braintree payments system, The Wall Street Journal reported on Thursday. Executives at PayPal, which owns the service that handles payments for startups from room-bookings network AirBnB to car-on-demand service Uber, have not struck any agreements, the Journal cited people familiar with the matter as saying. A deal would be an endorsement for a crypto currency, which is gaining acceptance with a slowly growing number of businesses, including online retailer Overstock.com. But some industry executives have warned about the risks of an unregulated currency. Ebay bought Braintree for $800 million in 2013 to boost PayPal’s mobile presence.

Read the full story at Reuters.

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More Stories By Shelly Palmer

Shelly Palmer is the host of Fox Television’s "Shelly Palmer Digital Living" television show about living and working in a digital world. He is Fox 5′s (WNYW-TV New York) Tech Expert and the host of United Stations Radio Network’s, MediaBytes, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment.