Braintree Expects $500b USD in Transactions, Bitcoin Volume Key?
The online payment space is evolving at an accelerated pace, and the competition among payment processors is heating up. While there is a lot of focus on conquering the mobile payment ecosystem, most of the money is still changing hands through websites and online platforms. Paypal-owned Braintree, which also allows for Bitcoin payments, expects to process $50 billion USD worth of transactions this year. Most companies and businesses that accept online payments have no idea what payment processor they are effectively using. Chicago-based Braintree is becoming one of the more popular....
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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....
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Braintree has responded to questions about US merchant adoption of its development kit and clarified that customers can only pay in bitcoin through a Coinbase account. Merchants who use the payments software platform Braintree in the US can enable bitcoin payments through Coinbase starting today. Braintree said that it had integrated Coinbase into its software development kit, which it calls v.zero. This means that merchants who use the kit can now enable bitcoin payments quickly, Braintree said. "Bitcoin is growing in popularity for consumer and merchants alike ... the number of companies....
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....
Following up on news from last month that noted that eBay subsidiary Braintree Payments was exploring a bitcoin integration comes the news that the payment company has partnered with San Francisco-based Coinbase. The partnership will allow Braintree's portfolio of clients to accept bitcoin on a number of different devices. According to Coinbase, "Developers at Coinbase and Braintree will be working together closely to complete the integration in the next few months." The first to announce the news was Braintree CEO Bill Ready at TechCrunch Disrupt - a popular event in the technology....