PayPal’s Braintree to start accepting Bitcoin

New York -- Braintree, PayPal’s payments processor subsidiary, will let its merchants start accepting Bitcoin over the coming months. The news was announced on Monday at a technology conference in San Francisco.



The move would allow websites and apps that run payments through Braintree to accept bitcoin as a payment method. But there was no news of how many, if any, of Braintree’s customers, which include Uber, will decide to accept the virtual currency.



PayPal, which is owned by eBay, and Braintree will work with Bitcoin payment-service provider Coinbase Inc. to enable payments in the virtual currency.