Ebay’s PayPal Starts Accepting Bitcoin As ‘Apple Pay’ Unveiled

On the day when Apple unveils “Apple Pay,” enabling hackers to now get access not only to actor selfies but to their credit card numbers too; following smaller online retailers’ lead – such as Overstock – the world’s biggest marketplace, Ebay, has announced its PayPal unit will begin accepting bitcoin for payments. As Bloomberg reports, Ebay said at TechCrunch’s Disrupt conference, “over the coming months we’ll allow our merchants to accept bitcoin. On the consumer side it will be a sleek experience.”
As we previously noted, Overstock CEO Patrick Byrne’s comments that “once we and some other major guys start accepting it things could change very quickly,” and Ebay seems to agree, adding “we’re at the right time for this, and to see how to propel it forward.” Bitcoin prices have not reacted to this news as the virtual currency has become considerably more stable in recent months.
As Bloomberg reports,

This post was published at Zero Hedge on 09/09/2014.