Braintree Now Lets Merchants Accept Bitcoins for Payment
Braintree, a mobile-friendly payment processor now owned by PayPal, has launched a private beta test that lets any U.S. merchant accept payments from Bitcoin. The company announced plans of this transition last September, and now these plans are coming to fruition.
Late last year, Braintree partnered with Bitcoin payment processor Coinbase to make way for the cryptocurrency in mainstream transactions. The beta test for Bitcoin’s adaptation to Braintree will occur in a new patch called v.zero.
Braintree already offers payment processing for a wide range of other payment sources, including American Express, Visa, MasterCard, Discover, JCB, Diners Club, PayPal, Venmo and Apple Pay. Coinbase currently supports 38,000 merchants and 2.2 million Bitcoin wallets.
Braintree first discussed the v.zero software development kit (SDK) last July as a flexible solution for introducing the company’s processing services. The SDK was designed to offer automatic shopping-cart integration with PayPal and other payment types. It also features an adaptable user interface that can be customized for each merchant individually.
Braintree says the v.zero shopping cart checkout is particularly easy to integrate. Something as simple as adding 10 lines of code to the program will give retailers access to Braintree’s new shopping cart. Jane.com, GitHub, ParkWhiz, and Chargify already use the v.zero SDK, and others are adapting it nearly every day.