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PayPal to Let Sellers of Digital Goods Accept Bitcoin

Bitcoin

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.

Read the full story at re/code. See how Bitcoin’s value skyrocketed following the news at TechCrunch.

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More Stories By Shelly Palmer

Shelly Palmer is the host of Fox Television’s "Shelly Palmer Digital Living" television show about living and working in a digital world. He is Fox 5′s (WNYW-TV New York) Tech Expert and the host of United Stations Radio Network’s, MediaBytes, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment.