PayPal is looking at ways to use Bitcoin, eBay (EBAY) CEO John Donahoe tells the WSJ. "It’s a new disruptive technology ... There may be ways to enable it inside PayPal." The comments appear responsible for a 32% jump in the volatile virtual currency's price to $122.90. Given the total value of outstanding Bitcoins is still only around $1.3B, and PayPal's total payment volume for Q1 was $41B, Bitcoin is unlikely to move the needle much near-term. But PayPal's support for the currency would give it some legitimacy, and give PayPal some good PR as it tries to fend off hungry upstarts.
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