PayPal to accept payments in bitcoin

whinfell · Sep 9, 2014

Sydney Morning Herald said:

EBay's PayPal service will start accepting bitcoins, opening the world's second-biggest internet payment network to virtual currency transactions.

"We're announcing PayPal's first foray into bitcoin," Bill Ready, the chief of eBay's Braintree unit, said at Techcrunch's Disrupt SF conference on Monday.

"Over the coming months we'll allow our merchants to accept bitcoin. On the consumer side it will be a sleek experience."

As the world's biggest online marketplace and operator of the global payments service, eBay is the most significant business to embrace bitcoin to date. The move could potentially enable PayPal's 152 million registered accounts to transact using the virtual currency, spurring wider use and acceptance, according to Gil Luria, an analyst at US-based Wedbush Securities.
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PayPal to accept payments in bitcoin

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PayPal to accept payments in bitcoin

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