Braintree, a subsidiary firm of Paypal, has finally announced that it will establish a partnership with the bitcoin payment platform Coinbase, for allowing bitcoin payments through Paypal. This announcement comes after many weeks of rumors. Coinbase is one of the largest bitcoin payment platforms. These two partners will work together in the following months for allowing full bitcoin integration.
Braintree already manages payments for its clients like Reddit and Overstock. The CEO of Braintree, Bill Ready, has declared at the Techcrunch Disrupt conference in San Francisco that Paypal takes measures to embrace bitcoin. The partnership will help firms that already use Braintree for payments to embrace bitcoin in the following months. This step will be possible without any configuration changes and will encourage the adoption of cryptocurency.