Paypal merchants can now accept Bitcoin

Image by Lars Plougmann Flickr CC

In a long SEC filing, PayPal states that its merchants can now begin accepting Bitcoin. In September 2014, PayPal announced it would accept Bitcoin via integration with Braintree, and the same month announced partnerships with Coinbase, BitPay and GoCoin. Via the PayPal Payment’s Hub merchants could use customizable APIs to integrate Bitcoin into their shops for digital goods. At the time, it released a video hinting at Bitcoin integration.

“PayPal is playing the role of the intermediary, but the cost will be left up to the merchant and the payment processor,” said Scott Ellison, PayPal’s senior director of competitive intelligence and corporate strategy, at the time of the original announcement. Whether or not PayPal will pursue a more aggressive Bitcoin policy has yet to be seen.

(Via Cryptocoins News)

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