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PayPal Subsidiary Braintee in Talks with Coinbase to Accept Bitcoin

Thursday 14th, August 2014 / 22:17
PayPal Subsidiary Braintee in Talks with Coinbase to Accept Bitcoin

Payments firm Braintree, a subsidiary of eBay and PayPal, is “in talks” with several processing companies including Coinbase on the possibility of accepting bitcoin, according to a Wall Street Journal report.

Braintree provides payments software for a number of popular mobile applications including Uber, Airbnb, and GitHub. The company, which was acquired by PayPal for $800m in December last year, was processing up to $12bn in payments annually – $4bn of that via mobile apps.

No matter which bitcoin processor Braintree may choose, accepting digital currency would represent another significant step in bitcoin’s lifecycle.

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THE BITCOIN MAGAZINE MISSION Bitcoin Magazine is on a mission to be the most accurate and up-to-date source of information, news and commentary about Bitcoin and crypto-currencies. The magazine reaches hundreds of thousands of readers every month by covering current events in business, technology, politics, law and society with a wide variety of viewpoints and opinions from authors and guests in an attempt to provide enlightening commentary that is accessible to new Bitcoin users as well as news and insights the veteran users will find valuable. We desire to work with the Bitcoin community to help support and grow this tremendous technological and financial innovation that empowers each one of us to manage our own economic relations with greater control.

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