Braintree, eBay's Payment Processing Company, Plans to Accept Bitcoin

A victory for digital currency

Braintree will start accepting Bitcoin as a valid currency soon, The New York Times reported this week. The payment processing company, purchased by eBay last year, announced its plans at the TechCrunch Disrupt technology conference in San Francisco. The move caters to start-up technology providers who need convenient, cost-effective payment integrations.

While many mainstream companies have ignored Bitcoin, the digital currency is gaining popularity among finance and technology firms. Bitcoin is a virtual payment system that uses its own unit of currency.

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