Online auction site eBay is planning to integrate bitcoin into its Braintree payments service. The move comes after executives from eBay’s online payments unit PayPal held meetings with digital currency specialists, including Coinbase, about enabling bitcoin transactions through Braintree.
eBay’s Braintree could soon accept bitcoin
The integration of bitcoin with Braintree would provide a major boost in usage and trust of the digital currency, which has been beset by problems surrounding regulation and controversy over bitcoin exchanges such as MT. Gox, which went bankrupt earlier this year.
Braintree provides software for payments processing to several online and mobile companies, including Uber and Airbnb. eBay acquired Braintree for $800 million in 2013. Braintree enables online and mobile businesses to accept card payments and processes more than $12 billion in payments annually for over 4,000 merchants.
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