File Sharing Company Moves from Paypal to Bitpay

Note from the Publisher:  Once again, this story features a firm outside the US – German-based Seafile – which previously accepted Paypal payments, but due to stepped up compliance requirements on user information, signed up for a merchant account with Atlanta-based Bitpay, which facilitates Bitcoin payments.  It’s a brave new world out there, folks.

Finding a new globally accepted payment method is not an easy feat, though. Bitcoin is one of the only options available to companies. Due to its decentralized nature and no central oversight, there is no one to determine who can or can’t accept Bitcoin payments for whatever reason.

Seafile decided to take the plunge and signed up for a merchant account courtesy of BitPay. The company is now accepting Bitcoin payments for all of its services. This new payment method is enabled for both new and returning customers. It is possible other payment methods will make their way to the platform in the coming months, though.”

Read Full Article at TheMerkle