Braintree partners with Coinbase for Bitcoin payment option for all of its merchants

Braintree has partnered with Coinbase to enable a Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term payment option for all of its merchants in the coming months.

Braintree is part of eBay's PayPal unit, acquired for $800 million one year ago. The announcement confirms earlier reports that PayPal is looking to integrate bitcoin payments through its subsidiary.

Braintree made the announcement during TechCrunch Disrupt San Francisco, where it also unveiled mobile touch Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, which aim to increase the conversion rate of mobile shoppers.

For Braintree, Bitcoin is the next strategic step in offering consumers flexibility in their choice for payment options. Said CEO Bill Ready:

"We are excited to be partnering with a company that is equally committed to simplifying payments for both merchants and consumers, and look forward to working with Braintree to complete the integration."

Towards the end of its announcement, Coinbase says that Braintree merchants will need to individually create accounts with Coinbase.

Braintree merchants pay 2.9% plus $0.30 per transaction. Coinbase doesn't charge a fee for the first $1 million in sales, but will charge an additional 1% thereafter.