Weekend Roundup: PayPal Embraces Bitcoin, Spain Classifies BTC as a Payment System and the US Gov. Comes Down on Two Notorious Companies
Weekly Roundup by Cointelegraph.
On Tuesday, William Suberg reported on another big piece of news from PayPal, this time announcing that the payment network itself had partnered with a handful of BTC exchanges to allow bitcoin payment processing.
“‘Today we are announcing PayPal’s next step in helping merchants accept Bitcoin payments. PayPal has entered into agreements with leading Bitcoin payment processors BitPay, Coinbase and GoCoin,’ a senior PayPal exec stated in a press release. ‘Starting today, these agreements let PayPal digital goods merchants accept Bitcoin with a simple integration through the PayPal Payments Hub.’”
Diana Ngo reported last Sunday that a ruling from the Spanish government identifying the Bitcoin network as a payments system.