PayPal to accept Bitcoin payments in coming monthsSeptember 10, 2014 - 16:14 AMT PanARMENIAN.Net - eBay has announced that its PayPal service will add support for Bitcoin transactions over the coming months, Digital Spy reported. The move will open up the virtual currency to PayPal's 152m registered users and allow merchants to accept it as legal tender. Bitcoin PayPal transactions have been made possible by eBay-owned system Braintree, the same platform that makes powers Airbnb and Uber payments. "We're announcing PayPal's first foray into Bitcoin," Bloomberg quotes Braintree head Bill Ready as saying. "Over the coming months we'll allow our merchants to accept Bitcoin. On the consumer side, it will be a sleek experience." The move follows Apple's entry into the world of tap-to-pay transactions with the launch of its NFC-ready Apple Watch, a development that will bring virtual currencies a step closer to mainstream use in the real world. The value of the Bitcoin currency has fluctuated this year following the collapse of the world's largest exchange MtGox in March. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | International cybercrime ringleaders arrested in Armenia, Ukraine Europol, Europe's crime agency, has arrested four ringleaders of several cybercrime networks that used botnets. Armenia skips CSTO Defense Ministers meeting A meeting of the Council of Defense Ministers of the Collective Security Treaty Organization countries began in Almaty. Armenian, Iranian foreigh policy chief talk over the phone The Foreign Minister of Armenia once again expressed condolences to his counterpart on the death of the President of Iran. Armenia, U.S. customs authorities to boost assistance with new deal The government has approved an agreement with the U.S. government on mutual assistance between the customs authorities. |