Slashdot Mirror

← Back to Stories (view on slashdot.org)

PayPal Integrates Bitcoin Processors BitPay, Coinbase and GoCoin

Posted by Soulskill on from the betting-on-bits dept.

An anonymous reader writes: PayPal today announced partnerships with three major Bitcoin payment processors: BitPay, Coinbase and GoCoin. The eBay-owned company wants to help digital goods merchants accept Bitcoin payments, although it is starting with those located in the U.S. and Canada first ("We are considering expanding to other markets," a PayPal spokesperson told TNW. "Stay tuned.")

PayPal says it chose to integrate the third-party functionality directly in the PayPal Payments Hub because the aforementioned trio already offers its customers protections when dealing with the virtual currency. The company envisions anything that can be obtained digitally, such as video games and music, being sold in Bitcoin.

4 of 56 comments (clear)

  1. Re:bitcoin (and altcoins) are circling the drain by mythosaz · · Score: 4, Informative

    Look at the drop in the value of bitcoin (in dollar terms) over the last year.

    Uh, wut?

    It was almost $100 on this day, a year ago, and now it's about $440.

  2. Re:bitcoin (and altcoins) are circling the drain by Ritz_Just_Ritz · · Score: 3, Informative

    And it was over $1000 in November 2013 and just a few days ago it was in the 300's. It's whipsawing up and down at the whim of the Russian and Chinese mob. Way too unstable to be used as a currency. No thanks.

  3. Re:bitcoin (and altcoins) are circling the drain by Tokolosh · · Score: 3, Informative

    Gold price today: $1,222
    A year ago: $1,327 (down from $1,775)

    --
    Prove anything by multiplying Huge Number times Tiny Number
  4. Re:I'll take my profits, thanks by Anonymous Coward · · Score: 1, Informative

    Sounds like you agree with the GP: you're not using it as a currency; you're using it as an investment vehicle, effectively scamming other people stupid enough to buy into BitCoin out of their money.