A Lincoln Douglas Style Debate: Is The Paypal/Braintree Deal Good For Bitcoin
With the news that Paypal's subsidiary Braintree will begin accepting Bitcoin payments, much of the Bitcoin community is full of excitement and lofty dreams of another big boom. But is the news actually good for Bitcoin? We have decided to pose the question to two of our writers here at CoinTelegraph: Tone Vays and Ian DeMartino. We are going to attempt something new here, a text, by-email debate inspired by the popular Lincoln-Douglas Debate format on this very issue. Ian DeMartino will be arguing in favor of the statement while Tone Vays will be taking the opposing viewpoint. Moving from....
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New reports this Thursday evening indicate that eBay subsidiary Braintree Payments may be looking to integrate bitcoin acceptance in the very near future, according to the Wall Street Journal. Braintree Payments operates as a unit of PayPal (which eBay owns), and the word is that PayPal executives have been meeting with bitcoin payment processors like Coinbase to facilitate bitcoin transactions on the Braintree network, according to people familiar with the matter. Despite the meetings, no agreements of any sort have been reached. As for eBay and PayPal, there hasn't been any word on....
Following weeks of rumors, Braintree has announced that it will soon enable customers to accept bitcoin. Braintree, a subsidiary of eBay-owned PayPal that was acquired for $800m in 2013, revealed on its blog that it intends to release a software development kit (SDK) that developers and merchants can use to add bitcoin to their existing payment methods. The integration is the result of a partnership with Coinbase, which was first reported to be in talks with Braintree about a potential partnership this August. Further, the news was officially announced at TechCrunch Disrupt San Francisco....
If PayPal's video hinting at Bitcoin acceptance wasn't enough for the cryptocurrency community, it looks like Braintree will soon be rolling out Bitcoin integration into their One Touch iOS and Android application. The app allows payments to be made swiftly and easily with the user's cell phone, just the same as Bitcoin. For those who may not know, PayPal is the mother company of Braintree. What was once seen as a battle between Bitcoin and PayPal has now been cleared as a partnership, as PayPal is showing public support for the move. CCN. It was announced at TechCrunch Disrupt in San....
Payments firm Braintree, a subsidiary of eBay and PayPal, is "in talks" with Coinbase and several other processing companies on the possibility of accepting bitcoin, according to a Wall Street Journal report. Braintree provides payments software for a number of popular mobile applications including Uber, Airbnb, and GitHub. The company, which was acquired by PayPal for $800m in December last year, was processing up to $12bn in payments annually at the time - $4bn of that via mobile apps. No matter which bitcoin processor Braintree may choose, accepting digital currency would represent....
After a short Paypal video talking about mobile payment systems that briefly mentioned using Bitcoin for the aforementioned payment systems, Braintree has now confirmed the rumors of Bitcoin integration. Timing seems all too well if you consider that Apple also released their new iterations of products, including and Apple payment system. Braintree is owned by Paypal, which also happens to be owned by eBay, so the possibility of finally using Bitcoin for eBay transactions may finally come true. Braintree also supports many other startups, one prominent startup being Uber, so the ability to....