New payment partnership: BitPay and Paypal

BitPay partnership with PaypalIncluding Bitcoin into PayPal was the wish of many users. Today BitPay announced the partnership with PayPal! At first they completed the integration with PayPal’s Payments Hub, which is their alternative payments platform for digital goods. If customers have a Bitcoin wallet they are now able to pay virtual goods with the crypto-currency to participating merchants. And the merchants can create a BitPay merchant account.

At the BitPay Blog there is also a statement from PayPal:

“PayPal is excited about all the innovations taking place in payments these days. More choices in how people create value, share it, buy, sell and trade it – that’s exactly what PayPal is all about,” said Scott Ellison, Senior Director, Strategy, PayPal. “We believe Bitcoin offers unique opportunities as more people and businesses experiment with it. PayPal is excited to work with BitPay to offer new experiences and the trusted service our customers expect. We hope to do more together as the Bitcoin ecosystem continues to evolve.”

 

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