Coinbase Lets US Users Pay For Crypto Via PayPal

Coinbase is making headlines again today. The crypto adoption has been supported a lot by big players lately, and as you probably know by now, PayPal is one of them.

Other important names that have been boosting the adoption of Bitcoin and crypto are Tesla, MicroStrategy and more.

Yahoo Finance just dropped an article that says the fact that crypto just went mainstream.

“Starting today, PayPal users in the US can link their accounts to Coinbase to make it easier to buy digital currencies like Bitcoin, Ethereum and Litecoin,” ht e notes read.

You can fund your purchases instantly

They also reported that “Previously, funding those purchases often meant using a debit card or a more time-consuming method like a wire transfer. With today’s update, Coinbase says you can fund your purchases “instantly.””

This means another interesting thing that is worth noting – the fact that there is one less platform with debit and bank account info.

At the end of 2020, you may recall that PayPal started allowing people to buy and sell Bitcoin, Litecoin, Ethereum and Bitcoin Cash.

It’s also worth noting the fact that more recently, it’s gone on to enable people to check out with digital currencies as well.

PayPal in the news

Not too long ago, we were revealing that customers who are holding BTC, ETH, LTC, BCH in PayPal digital wallets will be able to convert their holdings into fiat at checkouts in order to make purchases.

PayPal revealed that they have been working on this service which will be available at all its 29 million merchants in the upcoming months.

“This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your PayPal wallet,” President and CEO Dan Schulman told Reuters ahead of a formal announcement.

Stay tuned for more news.

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An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.
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