Braintree CEO: PayPal is Moving Toward Bitcoin Acceptance

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Following weeks of rumors, Braintree has announced that it will soon enable customers to accept bitcoin through a software development kit (SDK) developers and merchants can use to add bitcoin to their existing payment methods.

The integration is the result of a partnership with Coinbase, which was first reported to be in talks with Braintree about a potential partnership this August. Braintree is a subsidiary of eBay-owned PayPal, and was acquired for $800m in 2013.

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