Chomping At The Bit(coin): Paypal Now Accepts Popular Cryptocurrency

The bitcoin revolution has ascended rapidly, and the options for using cryptocurrency are expanding just as quickly to meet the demand. Now, the major online payment service PayPal has begun to accept bitcoin as part of its operations.

The internet-only monetary system of bitcoin has grown not only in popularity but in value recently, and according to fastcompany.com, had been considered an option by PayPal in the past. PayPal has now officially adopted the cryptocurrency, which will help to speed along transactions completed via their subsidiary Braintree's mobile app, One Touch PayPal. This expedites e-payments using a program called Coinbase.

Braintree CEO Bill Ready stated, "This will be PayPal's first foray into bitcoin...We think both the One Touch mobile payments that we announced as well as bitcoin will be high interest to merchants."

PayPal customers, including the cab-hailing app Uber and the apartment-letting service Airbnb, will now be open to accepting your bit-loot. With the scope of the company's usage on the internet, many more vendors will likely follow this trend.

Lesser-known e-currency provider Dogecoin are just happy they have a cool racecar.