eBay’s payments subsidiary, Braintree, which is part of the company’s PayPal unit, is in talks with Coinbase and other processing companies to integrate Bitcoin acceptance into its platform.
According to a report in the Wall Street Journal, PayPal executives have met with several Bitcoin facilitators in recent weeks, although are yet to reach any agreement.
Braintree was acquired for $800 million by PayPal in Decembers 2013, at which point it was processing up to $12 billion worth of payments a year, $4 billion of which via mobile apps. It provides payments software for numerous online businesses and mobile apps, including Uber, Airbnb and GitHub.
Rumours are that eBay and PayPal are not set to accept Bitcoin straight away, but that this could well change over time. Senior eBay executives, including CEO John Donahoe, have previously expressed interest in accepting digital currencies, to the point of describing the move as “inevitable”.
Using Ripple's enterprise blockchain solutions, Standard Chartered has completed its first real-time cross-border payment for businesses with another major correspondent bank.
Three years on from being acquired by PayPal, Braintree, a company which allows merchants to process a range of different payments, has revealed the number of its payment transactions has increased by 25 times.
Just 31% of Brits know who's on the back of the new £5 polymer banknote, says new research from Barclaycard, which also found that the number of cash users continues to drop as people prefer using more digital methods of payments.
Nine out of ten consumers use their smartphones more than any other device, and consumers would also prefer to use biometrics over PINs - with fingerprints being the preferred method, according to a new Mastercard survey.