‘First Foray Into Bitcoin’: eBay’s PayPal Unit To Start Accepting Virtual Currency – 9 September 2014

RT logoEBay has announced that Braintree, the payment processor subsidiary of the world’s largest web marketplace, has “embraced” bitcoin and will begin accepting the digital currency as payment.

Braintree is used by websites and applications like Uber, AirBnb, and Stubhub to process online payments, and is available to PayPal’s 152 million users. Websites that use PayPal as a payment system can choose whether or not they will process bitcoins as payment.

“We’re announcing PayPal’s first foray into bitcoin,” Bill Ready, the chief of eBay’s Braintree unit, said at San Francisco’s Techcrunch’s Disrupt conference on Monday.

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