Senior VP Says eBay “Seriously Considering” Bitcoin Integration

contentjunkie (73)in #bitcoin • 6 years ago

From Cointelegraph

eBay, the $39 billion e-commerce platform, is seriously considering integrating Bitcoin into its platform as a payment method. In an interview with Yahoo Finance, eBay Americas senior vice president Scott Cutler stated that eBay is “seriously considering” integrating Bitcoin.
Power of Bitcoin
Throughout the past 12 months, the stock price of Overstock has increased by over 130 percent, triggered by the company’s involvement in various Bitcoin and Blockchain technology ventures. Several major conglomerates such as Japan’s GMO have also experienced a rapid increase in their stock values subsequent to their integration of Bitcoin.

It has become increasingly challenging for large-scale conglomerates and financial service providers to dismiss Bitcoin, because of its exponential increase in value and user base. Currently, the total market valuation of Bitcoin and other cryptocurrencies exceeds $500 billion. As such, major banks like Goldman Sachs have started taking steps toward embracing the digital currency also, with Goldman agreeing to clear Bitcoin futures on behalf of their clients.

Cutler noted during the interview with Yahoo Finance “we’re not quite there yet.” Despite this, eBay is apparently demonstrating its optimism towards the digital currency. The company is also effectively showing the public that they are following the latest trends in finance.

Wow so the Paypal (same company as eBay) is having the "if you can't beat them, you might as well join them moment".