Following up on news from last month that noted that eBay subsidiary Braintree Payments was exploring a bitcoin integration comes the news that the payment company has partnered with San Francisco-based Coinbase.
The partnership will allow Braintree’s portfolio of clients to accept bitcoin on a number of different devices. According to Coinbase, “Developers at Coinbase and Braintree will be working together closely to complete the integration in the next few months.”
The first to announce the news was Braintree CEO Bill Ready at TechCrunch Disrupt — a popular event in the technology industry.
[blockquote style=”2″]Braintree merchants using Coinbase will receive all the benefits associated with accepting bitcoin payments, including 1% flat transaction fees (waived for the first $1M in bitcoin sales) with no additional costs, all while avoiding exposure to any currency volatility risk thanks to Coinbase’s Instant Exchange feature.[/blockquote]
Traditional payment processors are realizing the value in getting involved in the bitcoin market and more and more users find themselves attracted to the digital currency.
Coinbase competitor BitPay has recently been getting involved with traditional payment processors as well. In early August, Global Payments offered bitcoin acceptance in partnership with BitPay and later that month, the company became a Demandware LINK technology partner.
You can read the full post from Coinbase today by following this link.