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eBay to Allow Bitcoin Sales in ‘Virtual Currency’ Category

(CNET) It seemed like it was only a matter of time before e-commerce giant eBay and its payment platform PayPal addressed the sale and use of Bitcoin on its sites. And, despite concern from government regulators, it appears the company believes in virtual currencies — so much so, that it will soon start allowing their sale on its U.S. and U.K. sites.

Last week, PayPal president David Marcus tweeted: “To clarify: we have no policies against using PayPal to sell Bitcoin mining rigs. We don’t support any currency txn whether fiat or BTC … for a host of regulatory issues. But we treat BTC and any FX txn the same way. We’re believers in BTC though.”

Then, a couple of days later, eBay U.K. sent an email to one of its merchants that was published on Reddit, which said the company plans to open a “Virtual Currency” category for the sale of Bitcoin and other digital currencies on the U.K. site.