eBay’s payments unit discussing Bitcoin acceptance

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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”.

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