PayPal goes crypto-currency with Bitcoin

eBay no Silk Road


eBay's PayPal business will start accepting the crypto-currency Bitcoin for payments “over the coming months”.

The move confirms rumours that emerged in August that the online store was in talks with Bitcoin processor Coinbase.

Those talks involved Braintree, which the company acquired early this year, and according to Bloomberg, it was Braintree's chief Bill Ready that announced the move is going ahead.

The functionality will initially be offered to PayPal merchants who use Braintree, and naturally enough, Ready said the outfit is lining up merchants for a PR blitz (actually what he apparently said is that eBay will announce which merchants start using Bitcoin in the coming months, but it means the same thing).

While eBay hasn't outlined the longer-term future, analysts are hyperventilating that Bitcoin may eventually get integrated into the PayPal wallet, giving “millions of retailers” instant exposure to the currency.

Braintree has blogged to confirm that, as rumoured in August, the payments will be facilitated by Coinbase, which also announced that it's going to start letting customers convert their Bitcoin into Euros, initially with a €500 limit on transactions.

Braintree is also inviting merchant registration for an upcoming beta, and adds that its Bitcoin support will be via the v.zero SDK. ®

Similar topics


Other stories you might like

  • Want to buy your own piece of the Pi? No 'urgency' says Upton of the listing rumours

    A British success story... what happens next?

    Industry talk is continuing to circulate regarding a possible public listing of the UK makers of the diminutive Raspberry Pi computer.

    Over the weekend, The Telegraph reported that a spring listing could be in the offing, with a valuation of more than £370m.

    Pi boss, Eben Upton, described the newspaper's article as "interesting" in an email to The Register today, before repeating that "we're always looking at ways to fund the future growth of the business, but the $45m we raised in September has taken some of the urgency out of that."

    Continue reading
  • All change at JetBrains: remote development now, new IDE previewed

    Security, collaboration, flexible working: Fleet does it all apparently

    JetBrains has introduced remote development for its range of IDEs as well as previewing a new IDE called Fleet, which will form the basis for fresh tools covering all major programming languages.

    JetBrains has a core IDE used for the IntelliJ IDEA Java tool as well other IDEs such as Android Studio, the official programming environment for Google Android, PyCharm for Python, Rider for C#, and so on. The IDEs run on the Java virtual machine (JVM) and are coded using Java and Kotlin, the latter being primarily a JVM language but with options for compiling to JavaScript or native code.

    Fleet is "both an IDE and a lightweight code editor," said the company in its product announcement, suggesting perhaps that it is feeling some pressure from the success of Microsoft's Visual Studio Code, which is an extensible code editor. Initial language support is for Java, Kotlin, Go, Python, Rust, and JavaScript, though other languages such as C# will follow. Again like VS Code, Fleet can run on a local machine or on a remote server. The new IDE uses technology developed for IntelliJ such as its code-processing engine for features such as code completion and refactoring.

    Continue reading
  • Nextcloud and cloud chums fire off competition complaint to the EU over Microsoft bundling OneDrive with Windows

    No, it isn't the limited levels of storage that have irked European businesses

    EU software and cloud businesses have joined Nextcloud in filing a complaint with the European Commission regarding Microsoft's alleged anti-competitive behaviour over the bundling of its OS with online services.

    The issue is OneDrive and Microsoft's habit of packaging it (and other services such as Teams) with Windows software.

    Nextcloud sells on-premises collaboration platforms that it claims combine "the convenience and ease of use of consumer-grade solutions like Dropbox and Google Drive with the security, privacy and control business needs." Microsoft's cloud storage system, OneDrive, is conspicuous by its absence.

    Continue reading

Biting the hand that feeds IT © 1998–2021