In a bid to make it easier for people to access cryptocurrencies, Coinbase Global Inc. has allowed its users to buy digital currency with their PayPal account. Initially, the facility will be available only for customers in the US, who can buy cryptos on Coinbase using their debit cards and bank accounts linked to PayPal.
The company will expand the facility to purchase crypto using funds from PayPal to more countries in the coming months.The company already provides cash withdrawals to PayPal in the US, Canada, EU and the UK. Escaping the traditional IPO process, Coinbase stocks made debut on Nasdaq through a direct listing route on 15 April. Now the company has decided to move away from traditional money transfer methods, ACH (automated clearing house) and wire. Coinbase’s new facility will allow customers to instantly fund crypto purchases with PayPal in just a few taps.