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eBay Chief: Digital Currency Will Be a “Very Powerful Thing”

Avatar newsbtc 6 years ago

eBay’s chief executive officer John Donahoe has come out with an interesting statement in speaking to The Financial Times (original article is behind a paywall).

“Digital currency is going to be a very powerful thing,” says Donahoe — a statement certainly resounding in the Bitcoin community this weekend.

The company says it isn’t quite ready to include Bitcoin as a part of PayPal (PayPal is an eBay-owned company), but they are exploring digital currency as a whole.

“That same technology could accept other digital currencies,” says Donahoe. The chief says they continue to watch Bitcoin, and that just may be a prudent thing to do. Over the past several months, more and more company’s have been discovering the benefits of transacting in Bitcoin over traditional means.

Many in the Bitcoin trading community are taking this as good news, potentially raising even more awareness of the digital currency in the financial world as we know it.

Will Donahoe’s interest in digital currency affect the price of Bitcoin this week?


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