Mike John, Content Explorer, MCA, Los Angeles, California, USA
Answered Nov 28, 2018
Merchants that work with PayPal can accept payments from customers that use Bitcoin, which is an independent, government-less currency. PayPal struck a deal with three Bitcoin payment processing companies. Bit-Pay, Coinbase, and Go Coin. Bitcoin is an internet-based method of money specifically designed to cut out middlemen, like banks and governments.
eBay and PayPal have verified their plans to allow merchants to accept Bitcoin payments through third party processor Braintree. A merchant can typically open a standard PayPal account and begin accepting payments through PayPal within a few minutes. Recent data concluded that cryptocurrency is switching from an investment company to a common currency. Bitcoin turned a commodity into a valid payment method.
