• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Nexo

Braintree Expects $500b USD in Transactions, Bitcoin Volume Key?

Jp Buntinx by Jp Buntinx
7 years ago
in Bitcoin, Bitcoin Acceptance, Bitcoin Education, Bitcoin Service, Bitcoin Technology, Companies, News, News teaser, Services, Trending
0
Advertisement

The online payment space is evolving at an accelerated pace, and the competition among payment processors is heating up. While there is a lot of focus on conquering the mobile payment ecosystem, most of the money is still changing hands through websites and online platforms. Paypal-owned Braintree, which also allows for Bitcoin payments, expects to process $50 billion USD worth of transactions this year.

Also read: BitNation’s Emergency Refugee Responds to Europe’s Lack of Union

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Braintree: A Major Player in the E-commerce IndustryBitcoinist_Braintree Paypal

Most companies and businesses that accept online payments have no idea what payment processor they are effectively using. Chicago-based Braintree is becoming one of the more popular e-commerce solutions as of late, as payment volume increased fourfold in the past 24 months. That $800m USD financial injection by Paypal seems to be paying major dividends.

Accepting online and mobile payments as a merchant can prove to be quite a daunting task. Every payment option has its own specific solution, and requires certain code or plugins to set up. Braintree removes most of that hassle, as the company can process various payment types, including Bitcoin, Paypal, and even Apple Pay.

On the growing list of Braintree users are names such as Uber, Airbnb, and Pinterest. Consumers of either of these services will not necessarily notice their payments going through Braintree, as they can use their favorite payment methods to complete transactions. In a way, Braintree brings together all options for merchants to reach a global customer base.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

What makes this prediction by Braintree so interesting is that the projected $50 billion worth of transaction volume does not include Paypal payments. Even though Braintree is a Paypal-owned subsidiary, a full comparison between both services can only be made at the end of this year to see which platform processed the most monetary transactions.

To put some numbers into perspective, Braintree indicated there are 154 million registered credit and debit cards enabled on their platform. Despite card payments never being intended to be used on the Internet, they remain one of the most popular forms of paying for goods and services in the e-commerce sector.

Whether or not it is worrying to know Braintree has a database of 154 million credit and debit cards, stored on centralized servers, is a debate for another day. What will be interesting, is seeing how much Bitcoin transaction volume the company will have processed in 2015 once the numbers are released at the end of the year.

One of the key areas where Braintree has an advantage over the competition is the mobile space. E-commerce on mobile is growing more popular, but there is no streamlined or convenient process to make payments on a mobile device. Braintree addresses that problem by supporting multiple mobile payment solutions, including Android Pay.

Furthermore, Braintree is active in 46 different markets right now, and there is still a lot of room left for the company to grow. Given its close ties with Paypal, which remains one of the most widely used online payment platforms, and the acceptance of Bitcoin, Braintree seems to be on the right track to become a major player very soon.

The Option to Accept Bitcoin Payments

Bitcoinist_Braintree BitcoinBraintree offers merchants all over the world a way to accept a variety of payment options, including popular virtual currency Bitcoin. All Bitcoin transactions are processed by Coinbase, one of the world’s leading Bitcoin payment processors. With instant payment confirmations and no risk of fraud or chargebacks, Bitcoin should be one of the favorable payment methods for merchants.

In reality, though, Bitcoin is not very popular among consumers, despite the number of merchants accepting Bitcoin payments being on the rise year over year. With popular payment platforms such as Braintree giving merchants the option to accept Bitcoin, virtual currency awareness and adoption can be lifted to a whole new level.

Last but not least, Bitcoin payments are available for desktop and mobile users, as it is one of the most convenient payment methods without exposing any personal information. Bitcoin payments do not require sensitive payment information to be entered, unlike credit card payments. Hopefully, more merchants will start enabling Bitcoin payments through Braintree over the next few years.

What are your thoughts on Braintree, and have you used the service already? If so, what was your experience like? Let us know in the comments below!


 

Source: Telegraph UK

Images courtesy of  Braintree, Shutterstock

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jp Buntinx

Jp Buntinx

JP Buntinx is a freelance Bitcoin writer and Bitcoin journalist for various digital currency news outlets around the world. In other notes, Jean-Pierre is an active member of the Belgian Bitcoin Association, and occasionally attends various Bitcoin Meetups in Ghent and Brussels

Related Posts

short bitcoin

Inverse Bitcoin ETF Sees 300% Increase In Short Interest

9 hours ago
Bitcoin

Bitcoin Bear Market Sends On-Chain Metrics Into Sideways Trend

13 hours ago
bitcoin addresses

Decline In Bitcoin Active Addresses Suggests Market Is Purging Paperhands

15 hours ago
Crypto

Crypto Lender Voyager Digital Goes Bankrupt After Three Arrows Collapse

18 hours ago
South African Firm Raises $150 Million To Introduce Crypto Water Tokens Dubbed H2ON

South African Firm Raises $150 Million To Introduce Crypto Water Tokens Dubbed H2ON

24 hours ago
Jordan Belfort

Jordan Belfort, The ‘Wolf Of Wall Street,’ Advises: Buy Bitcoin Today And Make Money

1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.