Is PayPal building a Bitcoin-friendly wallet?

Home » Is PayPal building a Bitcoin-friendly wallet?
Screenshot from Bloomberg TV report.

Screenshot from Bloomberg TV report.

Speaking with Bloomberg TV yesterday, eBay CEO John Donahoe dropped interesting tidbit of information about PayPal’s plans for integrating digital currencies. Responding to a question from Street Smart‘s Matt Miller about looming competition from Bitcoin, Donahoe said:

You can use digital currencies in the PayPal digital wallet, that’s in fact what PayPal is doing … building a digital wallet that can take multiple types of currency.”

The conversation starts around the 3:10 mark in the video below.

Donahoe has made positive comments about Bitcoin in the past, and even hinted that PayPal would accept the virtual currency at some point in the future. He’s not alone: PayPal President David Marcus has also indicated that Bitcoin might play a large role in the company’s future once the regulatory issues and price volatility stabilizes.

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