[2014-09-09] BBC - Paypal unit to 'embrace' Bitcoin crypto-currency

[Mowcore]

BBC - Paypal unit to 'embrace' Bitcoin crypto-currency

http://www.bbc.co.uk/news/technology-29124997

I know this is old news but BBC, bless 'em. Also a mention of the Satoshi email hack.

Paypal subsidiary Braintree has started working on ways to process payments using the Bitcoin virtual currency.

The work is due to be completed within "the coming months", said Braintree boss Bill Ready in a conference speech.

It means that firms such as Uber and Airbnb, which use Braintree as a payment processor, will also be able to accept bitcoins.

So far, there is no indication that bitcoins will be accepted directly by Paypal and eBay.

[bryant.coleman]

lol... good PR for Bitcoin from one of the major MSM sources. After dozens of articles portraying Bitcoin in a negative sense, finally BBC publishes an article which shows it in positive. BTW... any idea about who took the decision to allow Bitcoin in Braintree? Did the Paypal CEO approved this proposal (i.e in case the approval was required from him) ?