EBay, as the world’s biggest Web marketplace and operator of a global payments service, is the most significant business to date that’s embraced bitcoin. The move could potentially enable PayPal’s 152 million registered accounts to transact using the virtual currency, spurring wider use and acceptance of bitcoin, according to Gil Luria, an analyst at Wedbush Securities Inc.
“PayPal integrating bitcoin into Braintree is a very substantial development,” Luria said. “Not only will it make it possible for some of the fastest-growing apps to integrate bitcoin seamlessly, it opens the door for PayPal to integrate bitcoin into its main wallet functionality. If that happens millions of retailers will de facto be accepting bitcoin overnight.”…
[Ebay Braithree unit's Bill] Ready said that tens of thousands of PayPal merchants using Braintree will be able to accept bitcoins if they choose to do so.
Bloomberg
EBay’s PayPal Unit to Start Accepting Bitcoin PaymentsSpencer Soper and Olga Kharif
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