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PayPal and BitPay announce Bitcoin integration


PayPal is further expanding its relationship with payment service provider BitPay, which specializes in e-commerce, B2B and enterprise solutions for the bitcoin digital currency. The first joint project is an integration with PayPal’s Payments Hub, which is PayPal’s alternative payment platform for digital goods.

The integration with PayPal’s Payments Hub is ready for merchants in North America to enable. Merchants using Payments Hub can create a BitPay merchant account and provide the API credentials into the Payments Hub admin. Customers with a bitcoin wallet will then be able to pay with bitcoin for games, music, videos, news, ebooks and other digital content.

“PayPal is excited about all the innovations taking place in payments these days. More choices in how people create value, share it, buy, sell and trade it — that’s exactly what PayPal is all about,” said Scott Ellison, senior director, strategy, PayPal. “We believe Bitcoin offers unique opportunities as more people and businesses experiment with it. PayPal is excited to work with BitPay to offer new experiences and the trusted service our customers expect. We hope to do more together as the Bitcoin ecosystem continues to evolve."

“PayPal’s Payments Hub is the ideal first step for PayPal to integrate bitcoin,” said Tony Gallippi, co-founder and executive chairman of BitPay. “BitPay’s technology provides the same slick checkout experience for all bitcoin users with a fun, frictionless process.”

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