North American PayPal Merchants Can Now Accept Bitcoin
Some pretty big news coming today from PayPal. The payments company announced Tuesday partnership with three major bitcoin payment processors: GoCoin, BitPay, and Coinbase. Merchants in North America selling digital goods - effective today - will be able to accept bitcoin from customers with an integration through PayPal Payments Hub, a utility that allows for easy payments acceptance through PayPal. PayPal writes today in a blog post: We chose to work with BitPay, Coinbase and GoCoin because of our commitment to offering innovative and safer ways for businesses to accept payments. All....
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The big news Tuesday was that PayPal would allow North American (for now) merchants to sell their digital goods for bitcoin through the PayPal Payments Hub, but there seems to be a little bit more to the news. Something that's sure to make altcoin lovers excited. Before I get to that, I should mention that PayPal is working with the three major bitcoin payment processors out there: BitPay, Coinbase, and GoCoin. While BitPay and Coinbase operate strictly with bitcoin only, GoCoin offers support for litecoin and dogecoin in addition to bitcoin. What that means, according to GoCoin CEO Steve....
PayPal announced a monumental partnership today that will likely play a large part in the adoption of bitcoin throughout the world. The company has partnered with BitPay, Coinbase, and GoCoin to provide bitcoin support to the millions of PayPal users. The first project consists of integrating with the company's Payments Hub, which is likely to be a small piece of the puzzle in the future relationship between PayPal and the leading Bitcoin payment solutions providers. Initially, digital goods merchants in North America will be able to accept bitcoin through the Payments Hub, and depending....
PayPal revealed a series of groundbreaking partnerships earlier today when it announced a broad move to allow digital goods merchants to accept bitcoin payments via its PayPal Payments Hub service. The move has so far proved to be an expected though undeniable boon for bitcoin as it pushes toward mainstream acceptance. For example, the eBay-owned payments giant has 143 million registered users as of 2013, though only North American merchants are able to access the new payment methods. Larger effects on the ecosystem aside, the announcement is also a validation of the major bitcoin payment....
In a long SEC filing from today, PayPal states that its merchants can now begin accepting Bitcoin. As the original text to the filing reads: A merchant can typically open a standard PayPal account and begin accepting payments through PayPal within a few minutes. Most online or mobile merchants can onboard quickly and are not required to invest in new or specialized hardware. Our Payments Platform supports growth with a variety of value-added services designed to help businesses of all sizes manage their cash flow, invoice clients, pay bills, and reduce the need for merchants to receive and....
In their recent SEC filing, eBay and PayPal confirmed plans to allow merchants with a standard account to accept bitcoin payments through third-party processor Braintree. This company was acquired by eBay for $800 million in September 2013 and will now be part of PayPal Holdings. In the same SEC filing, eBay and PayPal have announced the formation of a new corporation called PayPal Holdings that will take over the businesses in eBay's payments segment. Meanwhile, eBay will continue to operate its marketplace business as a publicly traded corporation. "As two distinct publicly traded....