Coinbase now offers the possibility of obtaining cryptocurrency in the United States through a PayPal account.
The exchange platform announced the news this Thursday on its blog, reports
relayed by the
Journal du Geek
According to Coinbase, this novelty has a major advantage: users will no longer have to provide their banking information on the cryptocurrency management platform.
It will suffice to add PayPal as a means of payment to be able to then carry out exchanges in Bitcoin, Ethereum or Litecoin.
PayPal and Visa open up to cryptocurrencies
This purchasing comfort is capped: cryptocurrency purchases must not exceed $ 25,000, which represents, at the time of writing this article, 0.42 BTC (Bitcoin) or 7.84 ETH (Ethereum).
In the coming months, Coinbase will expand this new partnership to other countries.
For its part, PayPal has allowed its American users since last November to pay for their purchases with four cryptocurrencies: Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
Visa, another industry giant, recently announced the authorization of cryptocurrency transactions through its services, but only with USD Coin, a digital stablecoin pegged to the US dollar.
Telegram: This malware can steal cryptocurrencies by tampering with copy / paste
Did you see ?
Germany: millionaire thanks to Bitcoin, he campaigns for the ban of cryptocurrencies