Consumers may soon be able to pay for their Airbnb rentals or Uber car rides using bitcoin.
EBay Inc. has been quietly working to integrate acceptance of the virtual currency into its Braintree payments subsidiary, part of its PayPal unit, according to people familiar with the matter.
Those people said PayPal officials have meet in recent weeks with several companies that facilitate bitcoin transactions, including Coinbase Inc. PayPal has yet to reach any agreements, the people said. The timing of when Braintree would accept bitcoin is dependent in part on such a deal.
Braintree provides software for payments processing to many online and mobile companies like Uber and Airbnb.
EBay and PayPal wouldn't initially accept bitcoin, the people familiar with the matter said, but that could change over time. EBay Chief Executive John Donahoe told The Wall Street Journal last year that he was considering ways to use bitcoin.
A deal would provide a boost to bitcoin, a virtual currency that backers believe can someday displace cash or credit cards in many transactions.
Tyler and Cameron Winklevoss are fighting for approval from regulators for their proposed bitcoin exchange-traded fund. They stand a chance because Spiderwoman is on the case.
So nicknamed for her work on State Street Corp.’s “Spider,” the first ETF when it came to market in 1993, Kathleen Moriarty is the lawyer attempting to shepherd the Winklevoss Bitcoin Trust through the U.S. Securities and Exchange Commission. The twins, famous for their dispute with Facebook Inc. founder Mark Zuckerberg, aim to roll out the first ETF that invests in a virtual asset, an idea that has its skeptics.
“She brings instant credibility to a less-than-credible investment product,” Todd Rosenbluth, director of mutual fund and ETF research at S&P Capital IQ.
you know what if any major installments have caused this?
It clearly has found a floor and I don't foresee any even that would catastrophically bring the price down.
Put your weekly minimum-wage earnings into Bitcoin, brehs
Bottom is at 339. We still aight
Great, another way for me to milk money out of people like you.
You still don't get it you idiot do you
you bought any today or you waiting for it go lower?
Bottom is at 339. We still aight
Tell me about that $100 dollars you made that one time again.