Paypal partners Bitcoin

The world most trusted online payment processor PayPal has recently struck a deal with 3 Bitcoin payment processing companies to allow certain merchants that use Paypal as their payment processor to start accepting Bitcoin payments.

You can read: 6 things you must know about Bitcoin before making any bitcoin transaction

The 3 Bitcoin companies partnered are Coinbase, Bitpay and Gocoin. And as you might already know by now that Bitcoin is a decentralized crypto-currency for peer to peer transaction that has garnered so much interest in recent times and are gradually being embraced by many e-commerce outlet.

Braintree, another popular payment processor recently acquired by Ebay might also be getting same gesture to start accepting Bitcoin any moment from now. And again there have been a long debate on Amazon whether to start accepting Bitcoin or not.

Ebay on its part has for long expressed stronger interest in the Bitcoin technology and have seen it as a welcome idea and today they have succeeded in integrating Bitcoin into some of their merchants PayPal processors. Now those merchant can accept Bitcoin payments and easily convert them into cash.