Coinbase, the largest provider of crypto-exchange and wallets in the US, launches support for residents of the European Union to transfer unsecured currencies to PayPal online payment system, – the development was announced in an official blog post published on February 5th.
For the first time, Coinbase has unveiled PayPal withdrawal support for US users last month. It is reported that the European expansion of services will apply both to EU residents and residents of the countries of the European Free Trade Association – Iceland, Liechtenstein, Norway and Switzerland.
Interesting in the section: Coinbase Cryptobusiness Exchange: an overview of the exchange platform
Earlier, in the summer of 2016, Coinbase integrated PayPal support, but stopped servicing for several weeks due to technical difficulties.
Until today’s release of new services, residents of EU countries and the European Free Trade Association relied solely on SEPA electronic transfers to withdraw their unsecured funds, and those in the United Kingdom also have access to the country’s Faster Payments Service (FPS), which Acting on Coinbase since March 2018.
As reported, Coinbase is currently seeking to diversify its crypto-support, as well as fiat gateways – in December, the exchange showed that it was considering expanding its listed assets to more than 30 cryptocurrencies in those jurisdictions that regulators allow. In November, the platform launched OTC tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details for corporate clients.
Interesting in the section: xRapid payment system. Cryptocurrencies and banking
In PayPal, the number of users exceeded 254 million in the third quarter of 2018.
In December, Paypal launched a blockchain-based employee reward system to encourage participation in innovation-related programs. The company also filed a patent in the United States last year to increase the speed of cryptocurrency payments.
Editor: Yuliya Soroka