Credit: Original article published by Coingape.

Coinbase cryptocurrency exchange today added Paypal as a payment option for US customers, which would allow millions of US-based users to add their Paypal linked debit and credit card to their Coinbase account making way for seamless crypto purchase on the exchange.

The addition of Paypal as a payment option on the platform also offers an added privacy and security since users won’t have to add their card details to their coinbase account. The crypto exchange has set a $25,000 daily spending limit for the linked PayPal account.

The largest cryptocurrency exchange in the US made its public debut only a couple of weeks ago on Nasdaq with the highest public debut valuation of $85 billion. The crypto exchange boasts of over 50 million registered users and nearly a billion dollars in profits by the end of the first quarter and right before their public debut.

PayPal Continues Their Cryptocurrency Embracement Further

PayPal added a crypto trading and holding option later last year allowing US customers to buy, sell and hold Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. This year Paypal opened the gates for crypto usage by allowing its 300 million customers to spend their crypto holdings at millions of its vendors. PayPal’s growing interest in furthering its crypto business says a lot about the future of payments and the role of cryptocurrencies in it. The CEO of the firm in a recent interview had claimed that the response for the addition of crypto services within the app has been overwhelming.

Recently, PayPal owned Venmo added buy/sell and holding option for its 70 million users. This bull season has seen a massive widespread adoption of cryptocurrencies right from PayPal to some of the biggest critics of Bitcoin on Wall Street.

 

The post Just-In: Coinbase Adds Paypal Payment Option For US Customers appeared first on Coingape.

This article is strictly for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. CryptosOnline.com does not provide investment, tax, legal, business or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any loss or damage caused or alleged to be caused by, or in connection with, the use of or reliance on any content, goods, services or opinions mentioned in this article.

#Bitcoin #Crypto #Cryptocurrency

Categories:

Tags:

Comments are closed

Translate

Our Other Projects

EdgyBranding.com - Premium Domain Names.

Notezi.com - Social Network

ParisArtwork.org - Mid-century Paris NFTs, tokenized on the WAX blockchain.

NewYorkArtwork.org - Mid-century New York NFTs, tokenized on the Ethereum blockchain and offered on Rarible.

Dexize.com - Ultra-Priviate DEX.

ClassicAutomobile.org - Classic Automobile News.