PayPal takes first Bitcoin steps
Written by Scott Thompson
BitPay has announced integration with Payments Hub, PayPal’s alternative payment platform for digital goods. Merchants in North America can now use this to create a BitPay merchant account and provide the API credentials into the Payments Hub admin. Customers with a bitcoin wallet will then be able to pay with Bitcoin for games, music, videos, news, ebooks, and other digital content.
“PayPal is excited about all the innovations taking place in payments these days. More choices in how people create value, share it, buy, sell and trade it – that’s exactly what PayPal is all about,” says Scott Ellison, senior director, strategy, PayPal. “We believe Bitcoin offers unique opportunities as more people and businesses experiment with it. PayPal is excited to work with BitPay to offer new experiences and the trusted service our customers expect. We hope to do more together as the Bitcoin ecosystem continues to evolve."
“Payments Hub is the ideal first step for PayPal to integrate Bitcoin,” says Tony Gallippi, co-founder and executive Chairman of BitPay. “Our technology provides the same slick checkout experience for all bitcoin users with a fun, frictionless process.”