PayPal merchants can now accept Bitcoin

Today PayPal, with some reservations, launched Bitcoin support for users of its payments service in North America.

Bitcoin support, however, doesn’t appear automatic. PayPal shares that “PayPal digital goods merchants” can now “accept Bitcoin with a simple integration through the PayPal Payments Hub.”

PayPal made clear in its official release that Bitcoin will not be fully integrated into the company’s core digital wallet; PayPal will leave Bitcoin payment processing to the third-parties above: “To be clear, today’s news does not mean that PayPal has added Bitcoin as a currency in our digital wallet or that Bitcoin payments will be processed on our secure payments platform.”


Author: Sudharsun. P. R. Information Courtesy: Ebay, Venture Beat Blowfish@2014

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