Owen Thomas says, “After months of talking up its interest in Bitcoin, PayPal is taking concrete steps to accepting the digital currency as payment.

Bill Ready, CEO of PayPal subsidiary Braintree Payments, announced that the company would let merchants accept bitcoins through a partnership with Coinbase, a startup which offers a virtual wallet for the currency, in the coming months.

Before you get whipped up with excitement over the idea of PayPal taking bitcoin, here are some caveats”.

At Last, PayPal Is Taking Bitcoin

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