In that same case, if before that you did not like cryptocurrency in any way because you considered it something extremely highly specialized and expected a sign that the cryptocurrency had nevertheless become mainstream, then here it is. The fact is that as of yesterday, users of the PayPal payment platform who live in the United States of America can now link their accounts to Coinbase to greatly simplify the process of buying digital currencies such as Bitcoin, Ethereum and See also Litecoin .
Up to this point, to make such financial purchases, it was often necessary to use a debit card, or even resort to a “much more time consuming method”, for example, making a bank transfer. However, now, with a new update, Coinbase announces that all users of the aforementioned payment system can pay for these purchases “instantly”. And yes, it also means that you can now have a less crowded platform with your banking and debit information, which is extremely important to some people. Either way, to link your PayPal account with Coinbase, you need to find the Add payment method when buying cryptocurrency option in the app.
If you are registered with PayPal with the same email address as Coinbase, account syncing should be quick and hassle-free. Otherwise, if something goes wrong, you will have to go through a special PayPal two-factor authentication process. Well, after linking your two accounts, you will be able to spend up to $ 25,000 per day. So, if you are a major player in the field of cryptocurrencies, you should plan your acquisitions in advance for a few days.
Another thing that should be mentioned is that you must pay for purchases with cryptocurrencies in PayPal using your debit card, or with money directly into your bank account. And yes, for PayPal, this is just the latest example of a gradual but extremely aggressive cryptocurrency adoption initiative. It is worth remembering that last fall, the company already allowed its users to buy and sell Bitcoin, Ethereum and Litecoin. Also, more recently, the platform started allowing people to pay using the digital currencies mentioned above. So by the end of this year, cryptocurrencies will enter even more into the lives of PayPal users.