PayPal is solemnly dipping a toes in a bitcoin waters.
The association has partnered with Coinbase, a practical banking wallet and exchange, so Coinbase users can sell bitcoin and money out to their PayPal accounts. Buying bitcoin isn’t probable yet, though a tiny formation is a notable initial step.
PayPal did not immediately respond to Quartz’s ask for comment.
While bitcoin and a underlying technology, blockchain, has hold Wall Street’s attention, consumer tech giants have mostly stayed divided from a record until now. Recently, Quartz reported that Airbnb “acquihired” a bitcoin association and a engineers. Other tech giants, like IBM and Microsoft, have been exploring blockchain tech some-more closely. IBM grown open source formula that’s being used in a Linux Foundation’s Hyperledger consortium. Microsoft has been integrating blockchain services into a Azure cloud platform.
Behind a scenes, PayPal’s been display signs of seductiveness in practical currencies. A recently published obvious application from PayPal shows a association has explored integrating bitcoin and other practical currencies like LiteCoin and Dogecoin into earthy smartphone payments. The obvious focus was filed in Dec 2015.
PayPal also hold a hackathon in December, according to mixed sources with believe of a event. The purpose? To find out new