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Ebay Bitcoin

Ebay payments unit in talks over Bitcoin acceptance

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By Cameron Clarke, Editor

August 16, 2014 | 1 min read

Ebay is in talks with several companies that facilitate Bitcoin transactions about integrating the virtual currency within its Braintree payments system, according to reports.

According to the Wall Street Journal, the move could pave the way for Bitcoin to be accepted for Airbnb rentals or Uber taxi rides.

It reported that Ebay has been "quietly working" to integrate Bitcoin into its Braintree payments subsidiary, part of its PayPal unit, and has had discussions with Bitcoin facilitators such as Coinbase.

It is not expected that web giants Ebay or Paypal would initially accept Bitcoin, but their endorsement would give the virtual currency a major credibility boost.

The Drum recently became one of the first print magazines in the world to accept BitCoin as payment.

At The Drum Live, we assembled an expert panel to debate whether other businesses should start accepting the virtual currency.

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