EBay’s PayPal unit to start accepting bitcoin payments

EBay’s PayPal unit to start accepting bitcoin payments

Analysts estimate it will enable PayPal’s 152 million accounts to transact using virtual currency, spurring wider use and acceptance of bitcoin
EBay, as the world’s biggest Web marketplace and operator of a global payments service, is the most significant business to date that’s embraced bitcoin. “The move could potentially enable PayPal’s 152 million registered accounts to transact using the virtual currency, spurring wider use and acceptance of bitcoin,” according to Gil Luria, an analyst at Wedbush Securities Inc.

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