In what many may see as a somewhat risky move, EBay has announced that it’s PayPay unit will soon start accepting Bitcoin payments. Bitcoin is a digital currency that started to enter the mainstream in 2013. This announcement by EBay is the first significant move to bring the currency to the everyday consumer.
Some analysts are suggesting the currency is unstable – a view that EBay clearly does not share. Time will tell whether the currency has any long term future in the mainstream consumer’s mind, or whether it will remain on the fringes.
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Aaron Blackman is the CEO of SkyStreet Retail. Follow Aaron on Google+