“A patent application by eBay, the parent of PayPal, may signal that the company is making plans for its own virtual currency. The patent, which was applied for in summer 2012, is for something called a ‘gift token’. It appears that eBay may have designs on developing a new way to distribute monetary value within the digital realm. It’s clear that eBay’s intention is to use the idea of gift tokens with PayPal, which has been the company’s payment arm since it was acquired in 2002 for $1.5bn. What’s interesting about the application is that the tokens may be designed for more ubiquitous use outside of PayPal, which could encourage wide adoption.”
http://www.coindesk.com/paypal-virtual-tokens-ebay-patent-proposal/
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