The biggest financial institution PayPal stated about signing a contract with processing companies operating in the sector of Bitcoin-payments. It concerns Coinbase, BitPay and GoCoin. This agreement will enable the corporation to accept popular crypto-currency Bitcoin.
Currently, innovations affect only the inhabitants of North America. They will be able to pay for digital content by using crypto-currency. It involves computer games, e-books, music and so on. Users will have to have an account in BitPay, GoCoin or Coinbaseto to use the service for paying for goods by virtual money.
PayPal Company argued its decision by saying that it wants to give customers not only the opportunity of safe payments, but also to provide them with personal freedom of choice. With the introduction of Bitcoin payment, users will have another option for payment. Anyway this kind of innovation is very convenient.
It can be noted that all three companies, which PayPal signed an agreement with, took care of the measures that will provide good protection for buyers. Thus, users will not experience any risks when they pay for goods using crypto-currency.
Now PayPal service is used by about 152 million people. The popularity of crypto-currency is going to grow after signing this agreement. If this innovation succeeds in North America, a further expansion of the contract might cover the whole world.