EBay.com president Devin Wenig has stated he is “very open” to Bitcoin and that eBay “will probably experiment” with the digital currency in the future. In an interview with the Wall Street Journal, Weng explained that PayPal’s current activities in the space would be mimicked due to the companies’ “long-term” ongoing cooperation. He said: “Both eBay and PayPal are open to [Bitcoin]—PayPal is experimenting with it—and through our relationship we’re likely to do the same. I am very open to it.” The declaration comes as the future of the eBay-PayPal relationship is in planning following the split earlier this year. …

PayPal co-founder and venture capitalist Peter Thiel believes Bitcoin has succeeded as a currency, but still lacks as a payment system. On October 15, Peter Thiel was invited to the University of Chicago Booth School of Business to speak about entrepreneurship and business practices for an event organized by the Polsky Center for Entrepreneurship and Innovation. The event was hosted by Booth School of Business' Norman R. Bobins Professor of Economics Randall Kroszner, and gathered more than 1,000 members of the University community, reported the Chicago Maroon. Thiel started his talk with a critique of what he calls "a pervasive, …

EBay is freeing payment subsidiary PayPal, spinning it off into its own company by 2015. We're all wondering: could this separation affect Bitcoin? PayPal has a developing relationship with cryptocurrency. Since the two are squeezing into the same space – digital payments – the relationship was in the spirit of competition, although, truthfully, for most of its history Bitcoin has been nothing more than a blip on PayPal's radar. “I think Ebay is seeing the writing on the wall and the dynamics of financial privacy, encryption and decentralized markets like Open Bazar are inevitable,” Tone Vays commented to Cointelegraph. “It …

The excitement around PayPal’s first foray into Bitcoin via Braintree is barely over, but now the company has announced its merchants will be able to opt to accept Bitcoin as payment – from today. In a unexpectedly quick move, PayPal Senior Director of Corporate Strategy Scott Ellison announced partnerships with Coinbase, BitPay and GoCoin to facilitate immediate Bitcoin functionality to the first round of merchants based in North America. “Today we are announcing PayPal’s next step in helping merchants accept Bitcoin payments. PayPal has entered into agreements with leading Bitcoin payment processors BitPay, Coinbase and GoCoin,” Ellison writes in a …

With the news that Paypal's subsidiary Braintree will begin accepting Bitcoin payments, much of the Bitcoin community is full of excitement and lofty dreams of another big boom. But is the news actually good for Bitcoin? We have decided to pose the question to two of our writers here at Cointelegraph: Tone Vays and Ian DeMartino. We are going to attempt something new here, a text, by-email debate inspired by the popular Lincoln-Douglas Debate format on this very issue. Ian DeMartino will be arguing in favor of the statement while Tone Vays will be taking the opposing viewpoint. Moving from …

It is no secret to Bitcoin users that digital currency makes PayPal’s model of online transaction look somewhat archaic by comparison. While the method was the darling of the online community in years gone by, the rapid advance of Bitcoin in particular has caused PayPal to come increasingly under the spotlight recently. There is even an online platform for users to share their horror stories and experiences when using PayPal: www.paypalsucks.com/ Stories of high fees, delayed payments and frozen accounts are also now abound in forums and news resources, while Ebay’s (PayPal) CEO, John Donahoe, even stated that Paypal will …

Triple hurray for the service that doesn’t forget about the lesser siblings of the Bitcoin. GoCoin has turned its attention towards DogeCoin. GoCoin fulfill their promises In the beginning of the year we told you about the GoCoin’s decision to accept Litecoin and in the long run continue adding up more altcoins. Seems like Steve Beureugard, the CEO of the service wasn’t just throwing words when he told that originally GoCoin had been designed to support not only Bitcoin but also many different altcoins. GoCoin works as a PayPal for cryptocurrency working as a middleman in transactions. Originated in Singapore …