06 February 2016

Braintree could soon accept bitcoin

15 August 2014  |  7828 views  |  0 Bitcoin

EBay is preparing to integrate bitcoin into its Braintree payments service, according to the Wall Street Journal, giving the crypto-currency a firm nudge into the mainstream.

Citing sources, the Journal says that PayPal officials have been meeting with virtual currency players, including Coinbase, about helping to facilitate bitcoin transactions through Braintree.

EBay paid $800 million last year for Chicago-based Braintree, which enables online and mobile businesses to accept card payments. The firm processes more than $12 billion in payments annually for over 4000 merchants as customers.

Among these are many outfits - including Airbnb, Uber and Github - catering to the kind of customers who are most likely to be interested in using crypto-currencies.

No deals with bitcoin firms have yet been struck, says the WSJ, and there are no plans for PayPal or eBay to begin accepting bitcoin yet, although this could change.

KeywordsE-COMMERCE

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

06 August, 2014
04 July, 2014
27 June, 2014
12 June, 2014
16 May, 2014
26 September, 2013
17 October, 2012

Related company news

 

Top topics

Most viewed Most shared
Fintech rising: Resistance is futile, says...
9407 views comments | 47 tweets | 38 linkedin
Digital transformation driving earnings at...
8211 views comments | 40 tweets | 35 linkedin
ECB eyes up European P2P payments
7440 views comments | 27 tweets | 37 linkedin
Visa opens up to developers
6247 views comments | 23 tweets | 39 linkedin
Mondo releases API to let customers play w...
5690 views comments | 22 tweets | 21 linkedin

Featured job

Find your next job