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PayPal's Braintree opens up bitcoin payments, shaking things up more

Braintree will begin accepting bitcoins in the coming months, as interest in the cryptocurrency continues to rise among consumers and businesses
By: Michael Hatamoto | Business, Financial & Legal News | Posted: Sep 9, 2014 7:45 pm

Ebay announced that Braintree, a former competitor of PayPal and current subsidiary, will begin accepting bitcoins sometime in the next few months. There won't be direct bitcoin integration via PayPal or the Ebay marketplace, as Ebay reportedly was able to answer regulatory questions and other issues that had to be addressed.




"We're announcing PayPal's first foray into bitcoin," said Bill Ready, EBay Braintree unit chief, during a recent conference. "Over the coming months we'll allow our merchants to accept bitcoin. On the consumer side it will be a sleek experience."


Braintree customers include Uber and Airbnb, and will be able to accept bitcoins if they choose to opt in. It's a curious move that could lead to bitcoin integration within PayPal and eBay in the future, depending how things with Braintree go.


Retailers are seeing greater consumer interest related to bitcoins, and want to provide another way to submit payments.


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