PayPal Filed a Patent to Speed Up Crypto Payments, Bitcoin Dev Argues It Already Exists
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It's been a long time in coming, but PayPal announced paypal bitcoin news google a blog post today that they have partnered with BitPayPaypal bitcoin news googleand GoCoin to allow merchants to paypal bitcoin news google Bitcoin. This comes just a few weeks after the announcement that businesses working with Braintree would be able to accept Bitcoinand this is a more direct use of Bitcoin.
The support will come via integration in the PayPal Payments Hub, and there is one significant catch: Still, it's at least one small step towards further acceptance of virtual currencies. There are other qualifications to using Bitcoin with PayPal as well.
PayPal has always embraced innovation, but always in ways that make payments safer and more reliable for our customers. Our approach to Bitcoin is no different. That's good news paypal bitcoin news google gamers and graphics gurus like our own Ryan Smith, as it means we hopefully won't see quite as many GPUs that should be playing games sacrificed in pursuit of cryptocurrency mining.
And yes, I know there are many alt-coins that use other Proof of Work algorithms that haven't been ported to ASICs, but few if any are actually profitable to mine paypal bitcoin news google GPUs at this point. Today's announcement and the earlier Braintree announcement mark a clear change in tone from PayPal regarding Bitcoin, as the history of PayPal and Bitcoin has been a bit rocky up until now. Going back a few years, in the early days of Bitcoin PayPal actively took steps to prevent people from using their service to purchase Bitcoins.
Others have reported bans from PayPal and closed accounts for dealing in Bitcoins. Obviously the inability to roll back purchases made via Bitcoin is a risk, and companies like Coinbase and BitPay now have services in place to mitigate some of the risks.
Regardless, with sites like Newegg. While there are still plenty of naysayers when it comes to Bitcoins and cryptocurrencies in general, this is great news for Bitcoin proponents as integration with PayPal opens the doors for thousands of small shops to begin working with Bitcoin. Post Your Comment Please log in or sign up to comment. Paypal bitcoin news google other business could have already done this directly without getting PayPal involved Newegg is a good example of a customer already using BitPay's services directly.
When PayPal is actually serious about Bitcoin, they'll process the payments themselves. That will be the groundbreaking announcement. For now, this is just a bunch of hype. Log in Don't have an account? Sign up now Username Password Remember Me.
