United States: Cryptocurrency Purchases via PayPal now Allowed on Coinbase

In the United States, Coinbase now allow customers to use Paypal to purchase cryptocurrency

BITCOIN: The amount of cryptocurrency purchases for US customers is limited to $ 25,000

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 The Verge relayed by the  Journal du Geek .

According to Coinbase, this innovation has a major advantage: users will not have to reveal their bank details on the 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.

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