[2014-08-14] PayPal Subsidiary Braintee in Talks with Coinbase to Accept Bitcoin

[erono]

http://www.coindesk.com/paypal-subsidiary-braintee-talks-coinbase-accept-bitcoin/?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed%3A+CoinDesk+%28CoinDesk+-+The+Voice+of+Digital+Currency%29


Payments firm Braintree, a subsidiary of eBay and PayPal, is “in talks” with Coinbase and several other processing companies on the possibility of accepting bitcoin, according to a Wall Street Journal report.

Braintree provides payments software for a number of popular mobile applications including Uber, Airbnb, and GitHub. The company, which was acquired by PayPal for $800m in December last year, was processing up to $12bn in payments annually – $4bn of that via mobile apps.

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[Ludi]

I've never actually heard of Braintree, but being a subsidary of Paypak makes me more optimistic about the possibility of Paypal eventually accepting it too.

[Chef Ramsay]

I have to say that we all knew they would come eventually even if it seemed like a pipe dream not so long ago.