|September 24, 2014|
|Bitcoin Processor Support Coming To PayPal|
|By Chris Crum|
PayPal announced that it will now let merchants accept Bitcoin payments by way of processors BitPay, Coinbase, and GoCoin, which it says have taken steps to ensure customer protection. It will enable this via the PayPal Payments Hub in North America.
PayPal has not added Bitcoin as a currency in its digital wallet, and it is not processing Bitcoin payments on its own secure payments platform. The company says in ablog post:
PayPal has always embraced innovation, but always in ways that make payments safer and more reliable for our customers. Our approach to Bitcoin is no different. That's why we're proceeding gradually, supporting Bitcoin in some ways today and holding off on other ways until we see how things develop. [...]
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