The PayPal subsidiary has announced the launch of a software development kit (SDK) called ‘v.zero’, billed as an open payment platform. The private beta enables US merchants to accept payments in bitcoin through its integration with Coinbase.
“Last fall, realizing that bitcoin had gained relevance for our customers, we announced our partnership with Coinbase – a trusted bitcoin payment processor with 2.2M consumer wallets and 38,000 merchants globally – to enable our merchants to accept bitcoin. Today, our initial integration with Coinbase is complete and we are opening up private beta access to allow merchants in the U.S. to accept bitcoin via v.zero”, the company’s statement reads.
Apart from bitcoin, merchants can use other payment options such as credit and debit cards, PayPal, Venmo and Apple Pay.
New features can be enabled in minutes, the company claims. V.zero users need as little as “a few lines of code and a click of a button” to add another payment option. Yet to start accepting bitcoin, Braintree merchants still need to create a Coinbase account, as the bitcoin processor clarifies in its blogpost.
The integration was first announced in September 2014. Braintree CEO Bill Ready is a notable bitcoin optimist. Last November, he told CoinDesk his company was working to take the digital currency mainstream.