CEO of EBay: We will have to integrate digital money with wallets

Absrtact: John Donahoe, chief executive of ebay, Johandonaho, chief executive of ebay, June 6, said he believes Bitcoin and other virtual currencies play an important role in the company's Internet payment platform, Johandonaho.

Ebay CEO Donahoe

John Donahoe, chief executive of Donahoe ebay, said in Thursday that he thought Bitcoin and other virtual currencies played an "important role" for the company's Internet payment platform, the June 6 news.

"We're going to have to combine digital money with wallets," he said. Donahoe said in an interview with CNBC.

While Donahoe declined to say when he had bought Bitcoin, he spoke extensively about the advantages of the virtual currency and explained why he had to buy Bitcoin. "I don't buy Bitcoin as an investment, but I want to know how this currency is used." "he said. "I think Bitcoin has two sides, the investment-related aspects and the digital currency." Personally, the latter aspect is more interesting to me, and it involves how we can use technology to seamlessly exchange value. ”

Buffett wrong?

At the same time, Marc Andreessen, co-founder of the Anderson-Horowitz Fund (Andreessen Horowitz), which has long been a Bitcoin fan, has also made a further explanation of the two sides of Bitcoin.

"We are investing, and we are still on it." But we are a venture capital firm, so we can bet on this extreme. Anderson said in a CNBC interview. "Will bitcoin work?" he said. The answer is no. But if it can be done, will bitcoin become very important and valuable? The answer to this question is yes. ”

Anderson added: "Another element of Bitcoin is that it is a technology, a completely independent currency." Anderson added. "The value of this technology platform is unbelievable. ”

Mr Anderson continues to believe that billionaire investors, Warren Buffett, the warren of "the investor", are wrong to criticize bitcoin.

Bitcoin Price picks up

Price rally

The price of bitcoin has rebounded sharply recently. In contrast to the lows reached this spring, the price of bitcoin has risen by 80%, largely because of reports that the virtual currency has been more widely recognised. For example, dish receptacle, the US satellite broadcasting service provider, said in a statement last week that it accepted bitcoin. Of the companies that have so far recognised bitcoin, Dish receptacle is the largest company in size.

Payment service processing company Coinbase will be responsible for the dish receptacle operation of the virtual currency transactions, the company will promptly convert Bitcoin into dollars to eliminate dish receptacle of the price fluctuations in the mood.

Bitcoin's largest wallet service

Fred Ehrsam, Coinbase co-founder Flede Oersam, also appeared in a CNBC interview in Thursday, predicting that "in the next three months, there will be a retailer with a turnover of $ billions of (bitcoin)." ”

For now, Overstock, the department store Rodetel (Lord & Taylor) and brand discount online sellers, have accepted bitcoin. Over time, Donahoe believes, more and more businesses will recognise the virtual currency. "I think you will see Bitcoin being used on many occasions, such as Peer-to-peer (point-to-point), Cross-border transactions and remittances," he said. "he said.

Apple also unveiled the latest App Store review policy this week, adding a rule that allows software developers to incorporate virtual currency transactions into their applications. Previously, Coinbase apps had only landed on the Android platform and would be open to iOS users from now on. Oersam said: "The latest policy of the App Store is to only send and receive Bitcoin, not to buy and sell Bitcoin." This makes it easier for people to use Bitcoin. ”