Coinbase adds the ability to buy cryptocurrencies with PayPal – Bits Media

Coinbase US Clients Can Now Buy Cryptocurrency With Debit Cards And Bank Accounts, linked to PayPal. Later, the service will become available in other countries..

According to a statement on the Coinbase blog, new functionality should simplify Acquisition of digital assets:

“Buying cryptocurrency should be simple and easy. However, the movement of money in the traditional world of finance is more often very difficult. We know, that you are waiting for faster and more convenient ways to make purchases in cryptocurrency ".

Thanks to the innovation, customers from the USA, having an account in PayPal, They can immediately start making transactions on the exchange. Moreover, These users are not required to provide coinbase information about bank accounts.

"You can continue to use PayPal to safely manage your data", -says in the press release Coinbase.

After that, How the user will choose the corresponding cryptocurrency for purchase, He will need to choose the “Add Payment Method” option in the Coinbase application and choose PayPal.

This will give the client the opportunity to buy cryptocurrencies for the amount before $25 000 per day through PayPal. In the coming months, Coinbase plans to expand access to the service for other regions of the world, eg, Canada, EU and Great Britain.

Recall, What in October 2020 year PayPal added support for cryptocurrencies for US users, And in the middle of this month, on the Nasdaq stock exchange, trading shares of Coinbase under the Coin ticer began.

Besides, Last week, PayPal General Director Dan Schulman (And schulman) stated, that the company has long studied the possibilities of crypto assets and blockchain, and the demand for cryptocurrency has significantly surpassed expectations.