eBay CEO “Bitcoin is important”

eBay CEO John Donahoe fielded a range of questions on Tuesday as part of the company’s Annual General Meeting of eBay shareholders which was held in San Jose, California. Given the importance of efficient and cheap payments, it is hardly a surprise that shareholders raised the issue of Bitcoin payments.

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eBay CEO “Bitcoin is important”

eBay CEO John Donahoe fielded a range of questions on Tuesday as part of the company’s Annual General Meeting of eBay shareholders which was held in San Jose, California. Given the importance of efficient and cheap payments, it is hardly a surprise that shareholders raised the issue of Bitcoin payments.

During the meeting some presentations of the results of 2013 and financial guidance of the company were shown to the shareholders. One of the presentations showed the reason why eBay and PayPal should continue their cooperation. To remind you, this year Carl Icahn stated that eBay should spin off 20% of its PayPal division.

The question of what Donahoe think about Bitcoin in regards to global trade came from Carl Davis, Jr of the Silicon Valley Black Chamber of Commerce.

Donahoe admitted that Bitcoin is a new and emerging technology that demanded attention:

"We think Bitcoin will play a very important role in the future. Exactly how that plays out, and how we can best take advantage of it and enable it with PayPal, that's something we're actively considering. It's on our radar screen."

However, at the moment eBay users can buy some Bitcoin souvenirs and mining rigs on eBay but sellers cannot but so far they are stuck with using fiat money to make payment.


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