Coinbase adds Paypal support

Investing | June 24, 2016 By:

Coinbase announced it has added Paypal support for bitcoin sells and credit card purchasing options.

The company said in a corporate blog post that through the PayPal integration, Coinbase customers are now able to sell bitcoin and have their USD funds deposited into a PayPal wallet. Coinbase is currently offering PayPal cash-out service to U.S. customers only, though it hopes to add support to other nations as well as add support for bitcoin buys through PayPal.

Coinbase will initially launch the PayPal and credit cards service in a beta phase. Initially the company will be accepting PayPal for bitcoin sells and credit cards for bitcoin buys.

Coinbase is a digital bitcoin wallet company.