eBay and PayPal to Accept Bitcoin Payments through Braintree

(Before It's News)

In their recent SEC filing, eBay and PayPal confirmed plans to allow merchants with a standard account to accept bitcoin payments through third-party processor Braintree. This company was acquired by eBay for $800 million in September 2013 and will now be part of PayPal Holdings.

In the same SEC filing, eBay and PayPal have announced the formation of a new corporation called PayPal Holdings that will take over the businesses in eBay’s payments segment. Meanwhile, eBay will continue to operate its marketplace business as a publicly traded corporation.

“As two distinct publicly traded corporations, eBay and PayPal will be better positioned to capitalize on significant growth opportunities and focus their resources on their respective businesses and strategic priorities,” according to the eBay announcement.

Bitcoin Payments Structure

Read Full Article

• Vladimir Putin’s Secrets and Lies
• X22Report: NY Fed Preparing For The Economic Collapse – Episode 642
• Pro-Life Group At Johns Hopkins University Will Be Permitted To Have Fetus Display After It Was Initially Banned
• 182 Babies Left To Die After Being Born Alive Following Abortions
• MSNBC’s Chris Matthews Uses Anniversary of Lincoln’s Assassination To Call GOP Racist
• Group CAIR Is Affiliated With Has First Ever ‘Muslim Advocacy Day’ On Capitol Hill
• Wow: Meeting Sarah Palin Made Comedian Louis C.K. Do Something He’s Never Done Before
• Let’s Face It: U.S. Taxpayers Are Suckers
• DEA Chief Says She Can’t Fire Agents Involved In Sex Parties
• Newly Released Lerner Email Reveals She Knew IRS Conduct ‘Might Raise Questions’