eBay payment unit Braintree reportedly considering accepting Bitcoin

Posted On 15 Aug 2014

The Wall Street Journal reports that eBay has been quietly working to integrate acceptance of Bitcoin into its Braintree payments subsidiary, part of its PayPal unit.

People close to the matter told the paper that PayPal officials have met with several companies that foster Bitcoin transactions, such as Coinbase, in recent weeks. PayPal has not yet reached any agreements. The timing of when Braintree would accept the virtual currency is dependent partly on such an agreement.

eBay and PayPal would not initially accept Bitcoin, sources told the Wall Street Journal, but that could change over time. eBay Chief Executive John Donahoe told the paper last year he was considering means of using Bitcoin.

Image credit: Braintree

About the Author

Katherine Fletcher is a writer and editor based in London, Ontario, Canada. With a graduate degree in journalism, Katherine spent more than five years curating news on Canadian higher education for a marketing consultancy. Her interest in reporting on Bitcoin stems from her belief that digital currency is, and will continue to be, a disruptor in how we conceive modern currency.

Canada, a world leader in Bitcoin ATM access

One Comment

ibraheema tukur August 16, 2014 at 10:39 am Reply

i think bitcoin will in the future become the CURRENCY for all. it’s safe from hackers and it being on the net ledger will be impossible to lose your detailed account transaction and it’ll be acceptable to clients worldwide.