At the annual eBay shareholders meeting in San Jose, CA, yesterday, CEO John Donahoe answered a variety of questions from stakeholders about the company’s direction and plans for the coming year. One particularly interesting question was posed by Silicon Valley Black Chamber of Commerce representative Carl Davis, who was curious about eBay’s response to the…
The Financial Times reported yesterday that Facebook is quietly building a new electronic mobile money service. The system, which would launch in Ireland and be governed under the European Economic Area (EEA), would allow for “passporting” of user funds and essentially turn Facebook into an online remittance service. If approved, Facebook’s system would allow users…
Online auction giant eBay activated a new “Virtual Currency” section on their site this week. Customers are now able to purchase virtual currencies like bitcoin and various alt-coins through the site, as well as mining hardware and mining contracts. Although functionality remains limited to “classified” status on the direct currency purchases (meaning eBay takes no…
As one of the most well-known BitTorrent clients, FrostWire is used to claims that it helps to foster online piracy. So when the developers announced an experimental mechanism to allow users to donate Bitcoins to torrent sharers, it was only natural for the community to assume that this was to allow the monetization of digital…
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 ……