Η PayPal, eBay's online bank that useswidely used around the world, will start accepting bitcoins soon.
"We're announcing RayPal's first engagement with Bitcoin," said Bill Ready, head of eBay's Braintree unit. During of his speech at the Techcrunch Disrupt SF conference, Ready added that in the coming months, they would have to start trading on bitcoin.
PayPal's "camouflaged" move seems to be very smart at the moment. It does not accept digital currency directly but through a subsidiary company. This doesn't legitimize the currency, but it also doesn't expose the company, until at least they clear things up. On the other hand, the managers of the company probably could not "see" a packet of money flowing and not have access to it.
Braintree is a mobile payment processor and website and will work with Coinbase and Bitcoin payment websites to process transactions with digital coins. The service is already in use by Uber, airbnb and StubHub, but is available for over 150 million users PayPal currently.
It's a pretty exciting development, as it will make it possible for some of the fastest growing applications to use cryptocurrency seamlessly. It also makes it more feasible to integrate the PayPal This makes it a perfect choice for people with diabetes and for those who want to lose weight or follow a balanced diet. Bitcoin in the near future.
For those who don't know, Braintree was purchased by eBay for $800 million in 2013 in an effort by the giant company to expand its business and mobile transactions.
Let's say that Bitcoin began to be accepted around the world. Governments have begun to reconsider their views on the issue. Some are quite lenient, but there are still many who have banned them permanently Bitcoins due to their instability.
