Ebay CEO finally surrender to Bitcoin - page 5.

Crindon

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Quote from: CryptoCurrencyInc.com on June 05, 2014, 10:19:44 PM

Ebay CEO finally surrender to Bitcoin.
His company Ebay is far behind many other big fortune 500 companies that's currently accepting Bitcoin.
One of the biggest company Dish Network beat them to the race. Ebay is now left behind to eat dirt.

They are now looking at many different angles on how to let their customers pay using Bitcoin on Ebay.

related article:
eBay CEO Says Digital Currency Integration Coming 'Very Soon'
http://www.ibtimes.com/paypal-getting-bitcoin-ebay-ceo-says-digital-currency-integration-coming-very-soon-1594904

Bitcoin key to future of online payments: EBay CEO
http://www.cnbc.com/id/101734293

It's about time. I remember watching Donahoe previously and he seemed opposed to Bitcoin. Then he seemed to reluctantly consider it. Now he seems to be a supporter. In 3 more weeks, he will be the biggest Bitcoin fanboy and Bitcoin logos will be all over eBay and PayPal.

Krang

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This is great news but I'd like to see some concrete evidence that they're moving towards adoption. Like Bryant said there's board members to please.

ljudotina

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PayPal is close to border where there will be no return. Train is still passing by them and they still have time to jump in. If they do it on time, they will stay at throne for quiet some time. If they miss that oportunity, they will slowly but surely start to fall.

bryant.coleman

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Don't get it wrong. John Donahoe has supported Bitcoin for some time. But the other Ebay board members are not that supportive, and some of them are downright hostile to Bitcoin. Let's wait and watch which side wins the battle. Grin

DolanDuck

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He stated to have bought some bitcoins but not for investment purposes, just to take confidence with cryprocurrency.
I bet he has more btc than most of us...

bitcoinforhelp

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i dont like ebay so good

bitcoin won

medUSA

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--Signature Designs-- http://bit.ly/1Pjbx77

This is encouraging! They have been dropping hints all year, and here we have a more definite confirmation. I bet there is a catch to it Undecided

The best implementation would be a wallet and exchange service weaved into their existing infrastructure, but this change will be too radical for ebay/paypal. They should be thinking about something far smaller. Could be just a wallet service for their merchant accounts?

hilariousandco

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Quote from: The00Dustin on June 06, 2014, 04:55:01 AM

Quote from: Ron~Popeil on June 06, 2014, 02:33:16 AM

Quote from: CryptoCurrencyInc.com on June 06, 2014, 02:16:18 AM

Ebay should just allow their customers to pay using Bitcoin separately from Paypal.
This way, Paypal is not controlling Ebay's payment system. Unless Ebay is own by Paypal 100% then that's a whole different story.

Then they would be on the hook for their buyer protection thing and have no way to collect their fees.

Do you really think eBay Money Back Guarantee applies when they don't control the funds to the seller? I'll give you a hint...

Quote

Purchases are covered by the eBay Money Back Guarantee when all of the following are true:

The purchase was made with the Pay Now option or an eBay invoice

IOW, even if the money doesn't go through a PayPal account, proof that you paid the buyer in messages on eBay's site won't be enough, the bitcoin will have to go to eBay first, and no doubt they'll take their cut, not to mention hold on to the funds for any seller that hasn't "earned their trust."

This is exactly what will happen. They'll cover their bases and it's logical to do so. If anyone doesn't like their process, service, or commission rates just don't use them. Them accepting Bitcoin is good for the community whatever they do though.

The00Dustin

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Quote from: Ron~Popeil on June 06, 2014, 02:33:16 AM

Quote from: CryptoCurrencyInc.com on June 06, 2014, 02:16:18 AM

Ebay should just allow their customers to pay using Bitcoin separately from Paypal.
This way, Paypal is not controlling Ebay's payment system. Unless Ebay is own by Paypal 100% then that's a whole different story.

Then they would be on the hook for their buyer protection thing and have no way to collect their fees.

Do you really think eBay Money Back Guarantee applies when they don't control the funds to the seller? I'll give you a hint...

Quote

Purchases are covered by the eBay Money Back Guarantee when all of the following are true:

The purchase was made with the Pay Now option or an eBay invoice

IOW, even if the money doesn't go through a PayPal account, proof that you paid the buyer in messages on eBay's site won't be enough, the bitcoin will have to go to eBay first, and no doubt they'll take their cut, not to mention hold on to the funds for any seller that hasn't "earned their trust."

ETA: More importantly, it wouldn't surprise me if the refund was required to be in the form of the auction currency and/or the buyer was required to take a loss due to conversion rates in many cases (bitcoin price goes up? sorry, you get less back. it went down? lucky you, you get what you sent back.).

Ron~Popeil

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Quote from: CryptoCurrencyInc.com on June 06, 2014, 02:16:18 AM

Ebay should just allow their customers to pay using Bitcoin separately from Paypal.
This way, Paypal is not controlling Ebay's payment system. Unless Ebay is own by Paypal 100% then that's a whole different story.

Then they would be on the hook for their buyer protection thing and have no way to collect their fees.

ABitNut

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I'm a cynic, I'm a quaint

Quote from: CryptoCurrencyInc.com on June 06, 2014, 02:16:18 AM

Ebay should just allow their customers to pay using Bitcoin separately from Paypal.
This way, Paypal is not controlling Ebay's payment system. Unless Ebay is own by Paypal 100% then that's a whole different story.

Quote from: Wikipedia (http://en.wikipedia.org/wiki/PayPal)

On October 3, 2002, PayPal became a wholly owned subsidiary of eBay

CryptoCurrencyInc.com

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Ebay should just allow their customers to pay using Bitcoin separately from Paypal.
This way, Paypal is not controlling Ebay's payment system. Unless Ebay is own by Paypal 100% then that's a whole different story.

Bubbles06

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Quote from: beetcoin on June 06, 2014, 12:48:32 AM

Quote from: RenegadeMind on June 06, 2014, 12:32:45 AM

I'm curious as to what this will mean for Blockchain.info. Could they step up their offerings to be the next "PayPal"?

what's that even mean though? paypal provides a service that bitcoin circumvents the necessity for.

Not really. PayPal connects with your bank account. It's not like people are going to stop using USD completely any time soon.

freedomno1

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Learning the troll avoidance button :)

The question of implementation is something I wonder about should be fairly easy if they work with another organization
Anyways hope his teasing will result in something coming out soon

Ron~Popeil

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Quote from: ABitNut on June 06, 2014, 01:36:55 AM

Quote from: Light on June 06, 2014, 01:10:42 AM

Quote from: hilariousandco on June 06, 2014, 01:05:03 AM

Call me a cynic but for some reason I just don't really believe him.

Yeah, I've analysed it before and I cannot see the business model that will support them. I suppose this could be the theoretical infrastructure that will make it easier for laypeople to use Bitcoins (at the cost of additional fees) but considering that most of us who are using at the moment aren't bound by knowledge I don't understand how they'll generate any revenue. Not to mention, they already have a poor reputation among those who trade - too much room for scamming.

No business model to support them? Paypal is an exchange. If there is a business model supporting bitcoin exchanges then there is a business model for Paypal (and Ebay) to offer this too.

And I do believe bitcoin exchanges are profitable. Also, Paypal is a familiar to many people and will be trusted more. Especially since the gox incident got so much exposure I can see (non bitcoin enthusiasts) picking Paypal over some other established bitcoin exchanges. This seems like a (maybe the final) opportunity for Paypal to come in and steal the market.

It is a sensible move from a business perspective for sure. More and more fiat is turning into bit coin and they want a piece of it.

ABitNut

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I'm a cynic, I'm a quaint

Quote from: Light on June 06, 2014, 01:10:42 AM

Quote from: hilariousandco on June 06, 2014, 01:05:03 AM

Call me a cynic but for some reason I just don't really believe him.

Yeah, I've analysed it before and I cannot see the business model that will support them. I suppose this could be the theoretical infrastructure that will make it easier for laypeople to use Bitcoins (at the cost of additional fees) but considering that most of us who are using at the moment aren't bound by knowledge I don't understand how they'll generate any revenue. Not to mention, they already have a poor reputation among those who trade - too much room for scamming.

No business model to support them? Paypal is an exchange. If there is a business model supporting bitcoin exchanges then there is a business model for Paypal (and Ebay) to offer this too.

And I do believe bitcoin exchanges are profitable. Also, Paypal is a familiar to many people and will be trusted more. Especially since the gox incident got so much exposure I can see (non bitcoin enthusiasts) picking Paypal over some other established bitcoin exchanges. This seems like a (maybe the final) opportunity for Paypal to come in and steal the market.

Light

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Circa 2010

Quote from: hilariousandco on June 06, 2014, 01:05:03 AM

Call me a cynic but for some reason I just don't really believe him.

Yeah, I've analysed it before and I cannot see the business model that will support them. I suppose this could be the theoretical infrastructure that will make it easier for laypeople to use Bitcoins (at the cost of additional fees) but considering that most of us who are using at the moment aren't bound by knowledge I don't understand how they'll generate any revenue. Not to mention, they already have a poor reputation among those who trade - too much room for scamming.

hilariousandco

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Call me a cynic but for some reason I just don't really believe him. I'll believe it when I see it, but I hope nothing more than they're actually working to implement it right now as getting ebay/paypal involved will be huge. I'm really intetested to see how they actually handle it though and what cut they take in fees etc.

BigBoy89

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