PayPal Expands Commitment to Bitcoin, Adds Coinbase as Referral Partner in Digital Goods Payments Hub
For the second time this month, PayPal is making waves in the bitcoin market. The company announced today that it is bringing the currency to its Digital Goods Payments Hub, giving consumers and merchants with a Coinbase wallet the ability to purchase digital goods with bitcoin.
The news follows closely on the heels of our recent announcement with PayPal’s Braintree, a relationship referred to by its CEO, Bill Ready, as PayPal’s “first foray” into bitcoin. As we continue to work with Braintree and collaborate with its developers over the next several months, this relationship with PayPal will provide another immediate opportunity to bring bitcoin to more and more consumers and merchants.
PayPal and Braintree both understand the enormous potential of bitcoin as both a currency and as a protocol, with the latter underpinning their latest efforts to incorporate the technology into existing payment services. We’re excited to continue building this relationship with PayPal, and look forward to helping develop a simple, seamless way for its customers to purchase digital goods with bitcoin.
To learn more about the integration, visit the official website for PayPal’s Payments Hub.