Category: Financial

by Ryan Mac - Forbes

PayPal and its parent company eBay EBAY +0.51% are warming up to Bitcoin, but they’re doing it oh so carefully.

On Tuesday, PayPal announced that it was partnering with Bitcoin processors BitPay, Coinbase and GoCoin to allow its merchants to accept the cryptocurrency for digital goods like online games and downloadable songs. It’s a second baby step for the payments giant toward full Bitcoin adoption after the company’s Braintree unit, a mobile payments provider, said earlier this month that it was working on a feature that would let customers of businesses like Uber and Airbnb pay with Bitcoin.

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