Yes i just saw this on blokt
https://blokt.com/news/coinbase-adds-free-paypal-withdrawals-for-fiat-currencies
This is good news to me, i have been and will continue to top up my crypto
through coinbase. The downside to this is that it shows up on my bank
statement. Now I can use paypal to buy and it will be paypal on my statement
which could be ebay or any other online site.
Topic: [2018-12-04] Coinbase Adds Zero-Fee Cryptocurrency Withdrawals and Sells Through (Read 163 times)
December 04, 2018, 04:03:47 PM
December 04, 2018, 04:04:14 AM
Coinbase Adds Zero-Fee Cryptocurrency Withdrawals and Sells Through PayPal
In a discreet addition to Coinbase, the company has integrated PayPal for crypto to fiat withdrawals and sells. Coinbase customers can now use the feature to withdraw fiat directly into a PayPal account.
In another customer-focused move, Coinbase has added a new layer of functionality to its service: PayPal support. The new feature makes cashing-out on Coinbase easier than before, removing the need to use a traditional bank. This feature does require users to verify their identity and country of residence.
However, the new option is not available everywhere. According to Coinbase FAQ, the service is only available in select countries.
CryptoSlate reached out to Coinbase hoping to clarify which countries are supported. Coinbase chose not to comment.
Ramifications
The added ease of selling cryptocurrency will likely contribute to greater consumer ease in the day-to-day use of cryptocurrency. Having reliable exchanges that offer trustworthy crypto to fiat services is critical to adoption.
That said, there are some concerns over the new feature as well. The additional layers of regulation, control, and personal disclosure counter some of the libertarian ethos of cryptocurrency. There are still purists who argue that the use of crypto must remain laissez-faire, without the interference of corporations such as Coinbase.
Nonetheless, strides in making the user experience easier for cryptocurrency will accelerate its adoption into the mainstream.
Reference: https://cryptoslate.com/coinbase-adds-zero-fee-cryptocurrency-withdrawals-sells-through-paypal/
In a discreet addition to Coinbase, the company has integrated PayPal for crypto to fiat withdrawals and sells. Coinbase customers can now use the feature to withdraw fiat directly into a PayPal account.
In another customer-focused move, Coinbase has added a new layer of functionality to its service: PayPal support. The new feature makes cashing-out on Coinbase easier than before, removing the need to use a traditional bank. This feature does require users to verify their identity and country of residence.
However, the new option is not available everywhere. According to Coinbase FAQ, the service is only available in select countries.
CryptoSlate reached out to Coinbase hoping to clarify which countries are supported. Coinbase chose not to comment.
Ramifications
The added ease of selling cryptocurrency will likely contribute to greater consumer ease in the day-to-day use of cryptocurrency. Having reliable exchanges that offer trustworthy crypto to fiat services is critical to adoption.
That said, there are some concerns over the new feature as well. The additional layers of regulation, control, and personal disclosure counter some of the libertarian ethos of cryptocurrency. There are still purists who argue that the use of crypto must remain laissez-faire, without the interference of corporations such as Coinbase.
Nonetheless, strides in making the user experience easier for cryptocurrency will accelerate its adoption into the mainstream.
Reference: https://cryptoslate.com/coinbase-adds-zero-fee-cryptocurrency-withdrawals-sells-through-paypal/
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