PayPal Takes Baby Step Toward Bitcoin, Partners With Cryptocurrency Processors

PayPal Takes Baby Step Toward Bitcoin, Partners With Cryptocurrency Processors

PayPal is teaming with Coinbase, Bitpay and GoCoin to process Bitcoin transactions for digital goods. While many have been waiting to see what PayPal would do with Bitcoin–especially with eBay CEO John Donahoe speaking openly about his admiration for the digital currency–Tuesday’s announcement is more of a cautious tread, rather than a headlong leap into the Bitcoin realm. PayPal’s announcement does not mean that it will transact the currency on its own platform or that its users will be able to store Bitcoins in their online wallets.

6
Like
Save

Comments

Write a comment

*