Bitcoin News Mash-Up: eBay Entering Bitcoin Club; Dish Began Accepting It; and More

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Bitcoin News Mash-Up

Following are the major Bitcoin news of the day

eBay Subsidiary Planning to Accept Bitcoin
According to a recent report published on The Wall Street Journal, one of the eBay’s vertical Braintree, is in active conversations with several Bitcoin payment processing companies. It thus directly indicates the much-talked about plans of eBay to enter the Bitcoin territory and accept the coin as one of its payment methods. Much surprisingly, eBay’s Braintree is a part of its PayPal unity.

However, the report also reveals that no consent has been reached with the Bitcoin companies, which include the very famous Coinbase Inc. as well.

Dish Network Starts Accepting Bitcoin
The US’s most famous satellite TV provide Dish Network announced on Friday that they are beginning to accept Bitcoin as one of their payment methods. Upon the announcement, customers can now pay their bills in digital currency. Incidentally, renowned documentary makers Becky and Austin Craig became the first Dish customers to use the Bitcoin payment service. The couple also uploaded their video in which they are seen paying their Dish bill in Bitcoins.

Singapore Finance Regulator Acknowledges the Role of Cryptocurrencies
The Executive Director of Monetary Authority of Singapore (MAS), Mr. Ravi Menon recently gave an interview to CentralBanking.COM in which he openly acknowledged the role of Bitcoin and other cryptocurrencies, despite assuming the risks they all possess. He said:

“It is hard to divine how technology and practices will evolve, 20 or 30 years from now. I would say virtual currencies have a role to play, but I doubt they will replace the fiat money that central banks issue – but I could be wrong.”

To contact the reporter of the story: Yashu Gola at yashu@forexminute.com

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