Seeking Alpha

eBay payments unit considers accepting bitcoin

  • eBay (NASDAQ:EBAY), which has been contemplating bitcoin (COIN, OTCQB:BTCS) transactions since last year, may now start to accept the virtual currency at its Braintree payments subsidiary, part of its PayPal unit.
  • Braintree processes more than $12B in annual payments, including many online and mobile companies like Uber and Airbnb.
  • eBay and PayPal wouldn't initially accept bitcoin, but that could change over time.
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