ebay allow bitcoin

In an email from Ebay they share their plans to open trade for cryptocurrencies like Bitcoin on 10th February 2014. This is a shift from their present policy that bans the sale of digital currencies.  Many virtual currency experts are urging caution when trading virtual currencies on EBay using Paypal, however, as the risk for charge backs are still very real using PayPal.

At it’s core, EBay is built to be a major venue to trade these assets.  Forecasting an advancement in payment processing as large as virtual currencies offer was impossible when EBay bought PayPal in 2002.  Not a person in the world could have predicted that PayPal’s process would be nearly obsolete only 12 years later.  EBay’s been dancing with virtual currencies for about six months, trying to find a way to not destroy PayPal, but it feels like the writing is on the wall.