PayPal Enables Bitcoin Transactions For Merchants Selling Digital Goods

SHANTELHEART'S BLOG NEWS

TechCrunch

Bitcoin’s momentum among key merchants and platforms on the web keeps accelerating.

After hinting at it a few weeks ago when Braintree enabled Bitcoin-based transactions for PayPal developers, the company is now enabling Bitcoin across the PayPal network for merchants of digital goods.

The company has expressed interest in bitcoin for a while, with eBay CEO John Donahoe saying in the past that it would play an “important role” in the company’s future. Now that large players from Overstock to Wikipedia are now relying on the cryptocurrency for a part of their transactions or donations, PayPal is stepping in.

Through partnerships with BitPay, Coinbase and GoCoin, PayPal will let its merchants accept bitcoin for digital goods transactions. They decided to go with a handful of launch partners instead of a single one, as PayPal’s Braintree did with Coinbase earlier this month. To be clear, this isn’t about adding Bitcoin…

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