Coinbase is making it possible for US customers to buy cryptocurrencies using debit and bank accounts linked to PayPal.
The company said that those with an existing PayPal account will be able to start making transactions on the platform straight away.
Customers will be able to make a purchase of up to $25,000 a day through their PayPal account.
“When you’re ready to fund crypto purchases with PayPal, first select the crypto you want to buy, tap on the payment method then “Add a payment method” to select PayPal,” explained Eddie Lo, product manager, Coinbase. “You’ll be taken to a PayPal login screen — make sure your PayPal email address is the same as the Coinbase email address, otherwise you’ll have to go through a two-factor authentication flow. After you log in, you can select or add a debit card or bank account linked to your PayPal account.”
Customers in the US can already buy crypto with a connected bank account via ACH or wire transfer, a debit card, or funds in their Coinbase USD wallet.
Coinbase said that in the coming months it plans to expand the PayPal feature to more countries.
Coinbase buys skew
Coinbase has also announced the buyout of London-based skew, the data visualisation and analytics platform for crypto markets.
The company will integrate skew’s data analytics platform with Coinbase Prime, which will enable customers to track cryptocurrency spot and derivatives markets in real-time.
“I’m thrilled to announce that Coinbase is acquiring skew, the leading institutional data visualisation and analytics platform for crypto markets, ,” said Greg Tusar, vice president, institutional product at Coinbase. “Through this acquisition, Coinbase reinforces our commitment to serving the growing institutional market.”
Latest News
-
British financial sector optimism falls at fastest rate since 2022 amid Budget concerns
-
TransUnion to buy Monevo
-
Global banks to axe 200,000 jobs by 2030 as AI takes over human tasks, finds Bloomberg
-
Lloyd's of London chief executive officer Neal to step down in 2025
-
JPMorgan becomes final major Wall Street bank to exit climate alliance
-
Visa and Qashio partner on B2B travel payments solution
Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.
Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.
Legacy isn’t the enemy: what FSIs can do to keep their systems up and running
In this webinar we will examine some of the steps FSIs have already taken to rigorously monitor and test systems – both manually and with AI-powered automation – while satisfying the concerns of regulators and customers.
Optimising digital banking: Unifying communications for seamless CX
In the digital age, financial institutions risk falling behind their rivals if they fail to unite fragmented communications ecosystems to deliver seamless, personalised customer experiences.
This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.
This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories