eBay CEO John Donahoe by now isn’t a stranger to making comments about digital currencies. He’s gone on the record before to speak about the possibilities of digital currency integration into PayPal, and he’s done so yet again.
PayPal, of course, is a subsidiary of eBay, and remains a top payment network on the internet.
Appearing in a CNBC interview, Donahoe said:
“I think there’s no doubt digital currency is going to play an important role going forward, and at PayPal, we’re going to have to integrate digital currencies into our wallet.”
Interesting remarks indeed, and the community might be silly at this point to not think PayPal is working to include digital currencies in their product.
It highlights that digital currencies — namely bitcoin — are becoming just too big for large companies like eBay and PayPal to ignore. It may also serve as the kick in the rear bitcoin needs for mass adoption.
After all, using bitcoin for a newcomer can be a tricky and complicated process. And since PayPal revolutionized the way we transacted online, they could very well do the same for digital currencies.
But you also have the camp of individuals who suggest that bitcoin integration into PayPal could spell doom.
The entire point of bitcoin is to be decentralized, after all. If PayPal adopts digital currencies, they could very well hold the same powers the do today — freezing user funds, charge-backs, and the like.
We’re curious: what do you think about a digital currency integration into PayPal. Is it a good or bad thing for the crypto-currency community?