Difficulty in the use of Bitcoin and Satoshi as legal tender in day-to-day transaction has long been cited as one of the chief obstacles to its wider use by non-payment industry sophisticates. The apparent intention of online and mobile payment enabler PayPal to provide a solution to this problem is here. The international payments processor […]
One of the biggest concerns about PayPal’s rapidly approaching integration with bitcoin-based payments has been liquidity. The eBay-owned payment processing giant handled around $180 billion in transactions last year, roughly 30 times bitcoin’s total market cap. If PayPal aims to bring bitcoin payments to the masses, even a relative giant in the space, like Coinbase, […]
In an interview with CBC News, Square CEO Jack Dorsey dropped an interesting hint about his company’s future relationship with bitcoin. Speaking about concerns that Square might face stiff competition from the forthcoming Apple Pay mobile point-of-sale system, Dorsey said: “We’re building a register so that sellers can accept a credit card, so they can […]
One of the biggest hurdles for would-be international bitcoin users is the lack of an easy-to-use, newcomer-friendly and widely trusted service to buy, sell and store bitcoin with. For the last two years, this hasn’t been much of an issue thanks to the existence of popular bitcoin services provider Coinbase. If only there was some […]
The rumors are true: PayPal is integrating bitcoin payments into their One Touch mobile wallet system using technology developed by their subsidiary Braintree. Speaking at TechCrunch Disrupt San Francisco today, Braintree CEO Bill Ready said that the company will soon be integrating bitcoin payments via a partnership with Coinbase. Not hedging his bets, Ready made […]
According to tech industry news website Re/code, PayPal subsidiary Braintree will soon announce that it has entered into a bitcoin-payment processing arrangement with Coinbase, possibly as early as today. Braintree’s service is widely used by a variety of tech startups, including openly disruptive, peer-to-peer services like Uber and Airbnb, which are seemingly ideal adopters for […]
This morning, the official PayPal YouTube channel uploaded new video titled “PayPal Voices,” focusing on the increasingly peer-to-peer nature of transactions in an increasingly decentralized economy. But a single line of the video’s text holds huge ramifications for the bitcoin community, as well as the future of digital currency. Roughly eight seconds into the video, […]
Mechant-focused online payment gateway Braintree may soon become the first eBay-owned product to experiment with bitcoin payments. The Wall Street journal reported yesterday that Braintree was “in talks” with Coinbase and other bitcoin payment processors to launch a new digital currency payment option. Should a deal be reached, the impact on the bitcoin ecosystem could […]
In an event held yesterday, eBay’s payment subsidiary PayPal hosted a packed presentation about the future of bitcoin payments called “PayPal TechXploration.” The event, covered in depth by CoinDesk, took place at the Town Hall space of PayPal’s office in San Jose, California. According to the report, demand for the conference was huge, with hundreds […]
It’s not exactly a secret that eBay CEO John Donahoe has a soft spot for bitcoin. While he has been coy about announcing any concrete plans to formally integrate eBay and PayPal with a bitcoin wallet, he has made a variety of statements over the past six months indicating that such a move is likely. […]