US-based cryptocurrency exchange #Coinbase has integrated #PayPal, and customers in the US will now be able to receive cryptocurrencies from Coinbase using PayPal . Users will be able to use PayPal-linked debit cards or bank accounts at Coinbase for cryptocurrency purchases.
In the statement made on the subject, it was noted that with PayPal integration, the purchase of crypto money has become faster and simpler. A daily limit of $ 25,000 has been set for the purchase of cryptocurrencies with PayPal, and a 2.99 percent commission is charged per transaction. Depositing dollars from PayPal into Coinbase is subject to a 2.5 percent fee.
The statement also emphasized that the PayPal option will be activated in more countries in the coming months.
PayPal is increasing its influence in the cryptocurrency industry. Finally, #Venmo, another subsidiary of the company, recently started to offer trading and custody services for #Bitcoin , #Ethereum, #Litecoin and #BitcoinCash. Venmo has over 70 million users.