To make the red cakes, measure half the batter into a separate bowl and whisk in red food coloring. Evenly transfer the red batter into 2 of the 8-inch prepared cake pans; smooth tops of batter with a spatula. Or, if using a food processor, combine all the ingredients except for the coconut water and process until the pieces are fine. Lastly, add the coconut water and process until smooth.
This is important to emphasize, because PayPal isn’t adding Bitcoin as a currency to its own digital wallet. It also won’t be processing Bitcoing payments on its secure payments platform: everything is being handled by one of the three third-parties.
Merchants who pre-sell products, meaning asking for money up-front for a product or service that will be delivered in the future, will also not be supported. This is, according to PayPal, to safeguard customers from businesses that can’t give refunds if they fold before the product is shipped and after buyer protection expires.
In other words, the company is starting to accept Bitcoin, but very slowly and very cautiously. PayPal Senior Director of Corporate Strategy Scott Ellison explains.