Topic: [2014-05-13] eBay CEO Asked About Amazon, Bitcoin and Unpopular Seller Policy (Read 1005 times)
May 14, 2014, 10:32:33 PM
As BTC becomes more mainstream then auction sites like cryptothrift become more of a threat to ebay... sooner than later they will not be able to ignore the demand.
May 14, 2014, 10:16:27 PM
You know bitcoins had always been viable as a payment system for Seller and buyer.
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May 14, 2014, 01:36:43 PM
But what if they just purchase Bitpay? 
The chances for that are too remote. Paypal is currently worth tens of billions of USD. Why should Ebay throw their weight behind a completely new payment processor, at the risk of losing the already established one?
If they had any decent business acumen it'd be worth trying to buy these companies whilst they're relatively cheap. Better to spend millions now on acquiring them than billions later. If Bitcoin is going to go mainstream then these type of processors are likely going to become the big billion dollar businesses of the industry.
May 14, 2014, 01:31:58 PM
But what if they just purchase Bitpay?
The chances for that are too remote. Paypal is currently worth tens of billions of USD. Why should Ebay throw their weight behind a completely new payment processor, at the risk of losing the already established one?
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May 14, 2014, 11:19:53 AM
I don't trust this guy. Ebay fully owns Paypal, and I don't think that they will ever do anything (including accepting Bitcoins), which can cause serious harm to their subsidiary.
But what if they just purchase Bitpay?
Wouldn't surprise me if they tried. Some giant will buy it if Bitcoin really takes off, though if PayPal bought it they'd probably try ruin it by hiking up the fees or something.
May 14, 2014, 11:10:38 AM
I don't trust this guy. Ebay fully owns Paypal, and I don't think that they will ever do anything (including accepting Bitcoins), which can cause serious harm to their subsidiary.
But what if they just purchase Bitpay?
May 14, 2014, 11:10:01 AM
I'm supporting merchants accepting Bitcoin, but in this case I don't trust to their initiative.
May 14, 2014, 04:21:18 AM
I don't trust this guy. Ebay fully owns Paypal, and I don't think that they will ever do anything (including accepting Bitcoins), which can cause serious harm to their subsidiary.
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May 14, 2014, 01:32:42 AM
Quote
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."
Which is code for once we've worked out how to take our extortionate cut. Obviously I'm all for ebay and other merchants adopting/accepting Bitcoin and also taking their tiny cut in fees etc, but I've got a feeling it won't even be worth using Bitcoin with them once they've got their claws into it. I suppose it'll save them money on creditcard fees as well, so maybe they can pass the savings back onto the users of Bitcoin.
May 14, 2014, 12:04:03 AM
It looks promising that integration will come at some point. Here was a quote from the Q&A session: Carl Davis, Jr of the Silicon Valley Black Chamber of Commerce asked Donahoe what he thought of Bitcoin in regards to global trade. The CEO called it a new, exciting and emerging technology. "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."
http://www.ecommercebytes.com/cab/abn/y14/m05/i14/s01
http://www.ecommercebytes.com/cab/abn/y14/m05/i14/s01
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