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Topic: Ebay - the first tech giant to accept Bitcoin? - page 8. (Read 6772 times)

hero member
Activity: 662
Merit: 500
Since ebay owns PayPal, this is unlikely to happen.

They just need a push in the right direction  Wink

Paypal president David Marcus - "I really like Bitcoin"

https://coinreport.net/david-marcus-paypal-bitcoin/

Paypal is not considered a bank but in many ways it operates like one. You can keep money in your account, spend it and accept money into the account like a bank . Also they offer debit card services, just like a bank would.

The reality is Bitcoin and Paypal are direct competition. More so than fiat and Bitcoin. Paypal is an internet Payment processor, dealing in cash. Bitcoin is a currency and payment platform that seeks to circumvent the need for middlemen. Bitcoin is designed to cut companies like Paypal out of the picture.

So in order for Ebay to accept Bitocin, they will be making a conscious decision to accept less money via Paypal. I don't know if that is a good business decision for them. They pretty much have a lock down on their customer base by requiring Paypal on most transactions. And of course they levy a nice fee on all of those transactions. Why would they change that? If they did accept Bitcoin I can almost guarantee that they will have some sort of "service fee" attached to all bitcoin transactions in order to recoup lost Paypal money.

Well said.
At this moment, eBay should have no incentive in accepting bitcoin now.
hero member
Activity: 658
Merit: 504
Since ebay owns PayPal, this is unlikely to happen.

They just need a push in the right direction  Wink

Paypal president David Marcus - "I really like Bitcoin"

https://coinreport.net/david-marcus-paypal-bitcoin/

Paypal is not considered a bank but in many ways it operates like one. You can keep money in your account, spend it and accept money into the account like a bank . Also they offer debit card services, just like a bank would.

The reality is Bitcoin and Paypal are direct competition. More so than fiat and Bitcoin. Paypal is an internet Payment processor, dealing in cash. Bitcoin is a currency and payment platform that seeks to circumvent the need for middlemen. Bitcoin is designed to cut companies like Paypal out of the picture.

So in order for Ebay to accept Bitcoin, they will be making a conscious decision to accept less money via Paypal. I don't know if that is a good business decision for them. They pretty much have a lock down on their customer base by requiring Paypal on most transactions. And of course they levy a nice fee on all of those transactions. Why would they change that? If they did accept Bitcoin I can almost guarantee that they will have some sort of "service fee" attached to all bitcoin transactions in order to recoup lost Paypal money.
full member
Activity: 163
Merit: 100
Since ebay owns PayPal, this is unlikely to happen.

They just need a push in the right direction  Wink

Paypal president David Marcus - "I really like Bitcoin"

https://coinreport.net/david-marcus-paypal-bitcoin/
hero member
Activity: 798
Merit: 1000
If ebay implement a digital currency it is very likely to be something they control.

In fact didnt they apply for a patent or something similar for their own "e-cash".
member
Activity: 92
Merit: 10
Since ebay owns PayPal, this is unlikely to happen.
full member
Activity: 163
Merit: 100
I believe Ebay is the best company to target next (in accepting Bitcoin).

They have lagged behind the other tech giants and are always looking for the best way to catch-up.

Bitcoin could be the answer.

Also they have talked about it in the past ( http://smartbusinessbrief.com/ebay-considering-accepting-bitcoin-as-payment/) and they have recently added a digital-currency section (https://coinreport.net/ebay-digital-currency-section/).

If Ebay get's on board I believe there is no stopping Bitcoin then.
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