Braintree could soon accept 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.

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Braintree could soon accept bitcoin

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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.

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