Reports: PayPal meeting with Bitcoin companies for possible integration

Wall Street Journal reports that PayPal officials have been meeting with Bitcoin integration companies, such as Coinbase, during recent weeks.

Wall Street Journal reports that PayPal officials have been meeting with Bitcoin integration companies, such as Coinbase, during recent weeks.

Citing people familiar with the matter, the meetings are part of eBay quietly looking to integrate Bitcoin payments into its Braintree payments subsidiary, part of its PayPal unit. PayPal has yet to reach any agreements.

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Braintree was acquired by PayPal for $800 million in September 2013. The company helps online businesses process credit cards by providing merchants accounts, payment gateways, recurring billing and credit card storage.

During the past several months, eBay’s CEO Jon Donahoe has made increasingly affirmative comments about the company’s openness to working with Bitcoin.

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