Bitcoin is the future currency that is constantly evolving and whose demand is constantly multiplying as more and more people are getting awareness about it. The currency does not have a print form but is available virtually like other forms of currency Bitcoins are not governed by any external force and thus are more stable in nature. This currency is a result of many like head computer technicians. The prospects of t this currency is global and many companies now want to integrate it with their business considering the benefits it can offer.
Devin Wenig, the president of EBay is determined that the company might be incorporating Bitcoins in the near future. Pymnts.com reported that The Company’s openness to Bitcoin is in part due to PayPal’s experimentation with the currency according to the president as he hinted at an ongoing relationship between eBay and PayPal despite the companies’ split earlier this year. Devin Wenig commented on the separation that “The separation has got to provide continuity of the relationship. That’s all being worked out.” However, it is still not clear about the intentions of EBay to incorporate Bitcoins within its company.
PayPal first launched a limited merchant opt-in scheme in September that saw a partnership with payment processors BitPay, GoCoin and CoinBase that facilitate payments made in Bitcoin. As Bitcoins are probably known as the currency for the future, it is also said to be the future for EBay.