• 16 May 2014 at 9:00 AM

Buy Used Toys, World War II Memorabilia With Bitcoin

At some unspecified point in the future, possibly after several dozen hours of discussion, eBay will probably be happy to take some fake money off your hands for whatever junk you may be buying. Through PayPal, even, which, in spite of Carl Icahn’s best efforts, it will probably still own.

eBay CEO John Donahoe makes some supportive comments about digital currency at the company’s annual shareholder meeting on Tuesday. Toward the end of the meeting, during a Q&A session, Mr. Donahoe was asked about bitcoin and how eBay might utilize it. He chuckled, and said “we could spend a couple of days talking about bitcoin.” He then gave his own take on it, characterizing it as “a new, exciting and emerging technology.”

“We think bitcoin will play a very important role in the future,” he said. He added that he isn’t sure exactly how it will all play out, and how the company could combine bitcoin with its PayPal system, but “that’s something we’re considering.”

David Marcus, president of the PayPal division, added that “it’s certainly on our radar screen…we think it’s going to be an important trend.”

BitBeat: EBay’s Donahoe Drops More Bitcoin Hints [WSJ MoneyBeat blog]

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Comments (2)

  1. Posted by UFOinsider | May 16, 2014 at 11:01 AM

    If a tree falls in the forest, what is the sound of one eBay BTC purchase being paid for in BTC?

    - UBS riddle wrapped in a mystery inside an enigma quant

  2. Posted by Shaz's beard | May 16, 2014 at 12:45 PM

    1pm and Shaz has written 2 somewhat coherent sentences. He's back babby!!!!!!