24 March 2017
visit nextgenbanking.co.uk

Braintree could soon accept bitcoin

15 August 2014  |  8394 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)

Finextra news in your inbox

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

Related stories

Osborne looks to virtual currencies in bid to make UK world fintech capital

Osborne looks to virtual currencies in bid to make UK world fintech capital

06 August 2014  |  8352 views  |  0 comments | 20 tweets | 7 linkedin
European banks told to avoid bitcoin

European banks told to avoid bitcoin

04 July 2014  |  9954 views  |  0 comments | 26 tweets | 25 linkedin
Intuit to process bitcoin payments with QuickBooks Online

Intuit to process bitcoin payments with QuickBooks Online

27 June 2014  |  6749 views  |  0 comments | 8 tweets | 6 linkedin
Expedia accepts bitcoin for hotel bookings

Expedia accepts bitcoin for hotel bookings

12 June 2014  |  6501 views  |  0 comments | 7 tweets | 10 linkedin
Circle bids to take bitcoin mainstream

Circle bids to take bitcoin mainstream

16 May 2014  |  7888 views  |  3 comments | 6 tweets | 3 linkedin
EBay agrees $800m Braintree acquisition

EBay agrees $800m Braintree acquisition

26 September 2013  |  11592 views  |  1 comments | 15 tweets | 11 linkedin
Braintree closes $35m funding round

Braintree closes $35m funding round

17 October 2012  |  4956 views  |  1 comments | 1 tweets | 2 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comParticipate in the surveyvisit abe-eba.eu

Who is commenting?

Top topics

Most viewed Most shared
French retailer Carrefour launches online bank accountFrench retailer Carrefour launches online...
27143 views comments | 15 tweets | 33 linkedin
Bank of England sets up fintech Community; runs blockchain and AI trialsBank of England sets up fintech Community;...
16632 views comments | 33 tweets | 26 linkedin
hands typing furiouslyMachine Learning: Lessons for Banks From S...
10310 views 0 | 12 tweets | 11 linkedin
Can banks really win in the payments business of the future? – new Finextra reportCan banks really win in the payments busin...
7912 views comments | 23 tweets | 36 linkedin
satellite26 Japanese banks register for Exchange-ru...
7621 views comments | 2 tweets | 1 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job