Topic: ebay - page 2. (Read 2062 times)
This is a few days old and is by no means revelatory, but the following is a short excerpt from the transcript of a presentation (followed by Q&A) with Tom Hudson (eBay Inc. - VP Investor Relations) at the CLSA Investors Forum - 24th Sep 2013.
Question: Going back to the transaction medium, how do you see the rise of some virtual currencies like even bitcoin or QQ currencies, or something like that? How do you see the trend going forward for this kind of electronic currencies?
"Yes, the reality is something like bitcoin or what have you, to be determined what happens with something like that. It's clear that the monetary systems -- we can potentially enable that source of funding on PayPal. I mean the reality is PayPal is used to fund Facebook credits, as an example. So we can certainly participate in that as a funding mechanism. Where they grow? I don't know. I don't want to speculate.
The reality is what I know about the financial system is that regulation is only moving in one direction. And it appears the world is getting more complicated and regulatory burden is actually rising. I think that creates higher hurdles for new business models.
Is there opportunity for something like a virtual currency like a bitcoin? I'm not sure. I don't want to speculate."
Question: Do you see any opportunities for eBay to accept this kind of transaction medium?
"The reality is potentially; but obviously you need to then be able to convert that medium to cash.
Take something like a bitcoin, we have seen competitors on the payment side actually have challenges and assets seized as a result of that, because it's operating outside of the financial system. So as an entity that's cooperative with the regulatory in terms of the financial environments, the reality is we are going to operate within the parameters. And if something changes and it becomes more accepted by the powers that be, then expect eBay to potentially move."
Question: Going back to the transaction medium, how do you see the rise of some virtual currencies like even bitcoin or QQ currencies, or something like that? How do you see the trend going forward for this kind of electronic currencies?
"Yes, the reality is something like bitcoin or what have you, to be determined what happens with something like that. It's clear that the monetary systems -- we can potentially enable that source of funding on PayPal. I mean the reality is PayPal is used to fund Facebook credits, as an example. So we can certainly participate in that as a funding mechanism. Where they grow? I don't know. I don't want to speculate.
The reality is what I know about the financial system is that regulation is only moving in one direction. And it appears the world is getting more complicated and regulatory burden is actually rising. I think that creates higher hurdles for new business models.
Is there opportunity for something like a virtual currency like a bitcoin? I'm not sure. I don't want to speculate."
Question: Do you see any opportunities for eBay to accept this kind of transaction medium?
"The reality is potentially; but obviously you need to then be able to convert that medium to cash.
Take something like a bitcoin, we have seen competitors on the payment side actually have challenges and assets seized as a result of that, because it's operating outside of the financial system. So as an entity that's cooperative with the regulatory in terms of the financial environments, the reality is we are going to operate within the parameters. And if something changes and it becomes more accepted by the powers that be, then expect eBay to potentially move."
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