Coinbase has now expanded its PayPal support services to its customers that belong to EU and European free trade Association countries with more regions to be added soon.
PayPal Withdrawal Option
In its latest announcement, Coinbase has expanded the support for PayPal withdrawals to all of its EU customers and customers in European free trade Association countries including Iceland, Liechtenstein, Norway, and Switzerland. Last year, Coinbase has announced PayPal support for the US customers.
“We strive to make Coinbase the safest and easiest place to use cryptocurrency — offering convenient withdrawal options like PayPal is another big step towards that goal.”
Before PayPal, European customers have only SEPA and UK Faster Payment options available to withdraw funds. Coinbase says, adding PayPal as a withdrawal option offers another great option for European customers to withdraw their funds as it is one of the most widely used and easiest payment platforms.
“Part of our commitment to being the safest and easiest is to support the preferred transfer options for our customers around the world.”
Having expanded this option to the US and now Europe customers, Coinbase will be adding more territories to this as it states, “We’re working on expanding support for PayPal in 2019.”
The Future of Blockchain
Recently, Dharma Labs whose first product Dharma Lever that enables loans for traders and large crypto holders and is in a closed alpha release secured $7 million in a round led by Green Visor Capital including Coinbase Ventures, Passport Capital, Y Combinator, and Polychain Capital. Moreover, the founder of Dharma is a former Coinbase engineering intern.
Coinbase VP Emilie Choi who runs the venture arm stated, “Dharma’s lending product makes it easy for developers and people to create loans that are trustless and managed on-chain. We view companies like Dharma, and their Lever product, as a sign that the crypto ecosystem is maturing, and an important step on the path to a more open financial system.”
Founded by Brian Armstrong, Coinbase also got listed in Forbes “The Future Of Blockchain: Fintech 50 2019.”
“Expanding beyond its roots as a bitcoin wallet and retail exchange, Coinbase now offers cryptocurrency custody, professional and institutional trading platforms, and an institutional trading platform. Last year bought Earn.com, a service where users pay in bitcoin to contact experts via email, for a reported $100 million.”