New reports this Thursday evening indicate that eBay subsidiary Braintree Payments may be looking to integrate bitcoin acceptance in the very near future, according to the Wall Street Journal.
Braintree Payments operates as a unit of PayPal (which eBay owns), and the word is that PayPal executives have been meeting with bitcoin payment processors like Coinbase to facilitate bitcoin transactions on the Braintree network, according to people familiar with the matter.
Despite the meetings, no agreements of any sort have been reached.
As for eBay and PayPal, there hasn’t been any word on whether or not they themselves will be accepting bitcoin any time soon, though eBay CEO John Donahoe has previously hinted at integrating the digital currency into the PayPal platform at some point.
Such a move on the part of Braintree would immensely increase the credibility of bitcoin, which is still seen by many as something they should keep away from.
Already, several large-scale companies are accepting bitcoin for goods and services, including online retailer Overstock.com and television provider DISH Network.
Acquired by eBay in December, Braintree has processed over $12 billion in payments per year. Companies like Uber, Airbnb, and Github all rely on the company to process payments on their behalf.
Certainly, it will be interesting to see how this develops in the weeks and months ahead.
[textmarker color=”C24000″]Source[/textmarker] Wall Street Journal