BitPay, the global leader in bitcoin payment acceptance, announced yesterday a relationship with PayPal to further expand the adoption of bitcoin. The first joint project is an integration with PayPal’s Payments Hub, which is PayPal’s alternative payment platform for digital goods.

Bitcoin artWhile this news may seem far afield for VizWorld.com readers, the wider adoption of a nearly universal virtual currency is a sign of another step into deeper acceptance of technology in systems once rooted in physical objects. From cows and seed to gold to paper, we are assigning value to more abstract concepts, trusting intangibles more deeply across societies every day.

Bitpay’s formal announcement continues as follows:

The integration with PayPal’s Payments Hub is now completed and ready for merchants in North America to enable. Merchants using Payments Hub can create a BitPay merchant account and provide the API credentials into the Payments Hub admin. Customers with a bitcoin wallet will then be able to pay with bitcoin for games, music, videos, news, ebooks, and other digital content“PayPal is excited about all the innovations taking place in payments these days. More choices in how people create value, share it, buy, sell and trade it – that’s exactly what PayPal is all about,“ said Scott Ellison, Senior Director, Strategy, PayPal. “We believe Bitcoin offers unique opportunities as more people and businesses experiment with it. PayPal is excited to work with BitPay to offer new experiences and the trusted service our customers expect. We hope to do more together as the Bitcoin ecosystem continues to evolve.”

 

Tags