PayPal said today that a subset of North American merchants that accept payments online using PayPal can now accept bitcoin as a payment method, too. Bitcoin acceptance will be limited to those merchants that use Paypal to sell digital goods, such as ringtones, games and media.
These sellers will have to sign up with one of three bitcoin processors — Coinbase, BitPay or GoCoin — and then authorize a connection between the processor and their PayPal merchant account to start accepting the digital currency.
Paul Balo is the founder of TechBooky and a highly skilled wireless communications professional with a strong background in cloud computing, offering extensive experience in designing, implementing, and managing wireless communication systems.
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