Ebay's PayPal is in talks with Coinbase and other bitcoin transaction providers to integrate the virtual currency within its Braintree payments system, The Wall Street Journal reported on Thursday.
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Executives at PayPal, which owns the service that handles payments for startups from room-bookings network AirBnB to car-on-demand service Uber, have not struck any agreements, the Journal cited people familiar with the matter as saying.
A deal would be an endorsement for a cryptocurrency, which is gaining acceptance with a slowly growing number of businesses, including online retailer Overstock.com. But some industry executives have warned about the risks of an unregulated currency.
Ebay bought Braintree for $800 million in 2013 to boost PayPal's mobile presence.
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"We do believe that Bitcoin will play an important role in payments in the future, but we have nothing to announce," eBay spokeswoman Jennifer Hakes said.
—By Reuters