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This article was published on August 15, 2014


eBay is reportedly ready to embrace Bitcoin by accepting it at Braintree

eBay is reportedly ready to embrace Bitcoin by accepting it at Braintree Image by: George Frey
Kaylene Hong
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Kaylene Hong

Kaylene Hong was Asia Reporter for The Next Web between 2013 and 2014, based in Singapore. She is bilingual in English and Mandarin. Stay in Kaylene Hong was Asia Reporter for The Next Web between 2013 and 2014, based in Singapore. She is bilingual in English and Mandarin. Stay in touch via Twitter or Google+.

eBay has been working to integrate the acceptance of Bitcoin into its subsidiary Braintree, the Wall Street Journal reports, though eBay and PayPal won’t be accepting Bitcoin initially. The WSJ cites sources as saying that PayPal officials have met with Bitcoin companies including Coinbase in recent weeks, and they are still in the midst of reaching an agreement.

eBay acquired Braintree last September and introduced full PayPal support in its SDK just last month.

The move to introduce Bitcoin, even starting with Braintree first only, would be another boost to the cryptocurrency. Things have been looking up for Bitcoin recently, what with major retail sites including NeweggExpedia and Dell recently starting to accept it.

EBay Payments Unit in Talks to Accept Bitcoin [Wall Street Journal]

Thumbnail image via George Frey/Getty Images

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