EBay 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.
The company will begin accepting the cryptocurrency as payment in the ?coming months? and is partnered with San Francisco-based bitcoin exchange Coinbase. EBay isn?t investing in Coinbase, which will only serve as a medium for
Braintree users to link their digital Braintree wallets with their bitcoin wallets on Coinbase.
http://rt.com/business/186404-bitcoi...pal-braintree/