PayPal is Maybe Sorta Kinda Slightly Accepting Bitcoin

By Chris Mills on at

PayPal has just taken its very first baby step towards allowing people to buy good through payments made with bitcoin, thanks to a partnership with payment processors BitPay, Coinbase and GoCoin.

PayPal's move isn't a wholesale endorsement of the crypto-currency: by partnering with existing bitcoin payment processors, PayPal doesn't actually have to handle (or hold onto) any bitcoin itself, which basically makes this a risk-free move on PayPal's part.

Retailers in North America will have access to the payment option first, although it'll be limited to 'digital goods merchants' - basically, nothing you can actually physically hold - for the time being. [PayPal via Gizmodo ES]