Coinbase, a bitcoin and ether cryptocurrency exchange announced it has added the PayPal electronic payments system and credit cards to its account funding options.
Initially PayPal will be accepted for bitcoin sells, i.e. clients will be able to sell bitcoin and have the sum in USD deposited in their PayPal wallet. Credit cards can be used for bitcoin buys.
The PayPal option is currently available to US clients only, but the exchange hopes to add support for other countries and to make available buys as well.
So fat both PayPal and credit card payment options are available in beta mode only and Coinbase encourages its clients to test them in the upcoming weeks, before expanding the new methods to other countries in the next few months. The option is also available through the Coinbase Bitcoin Wallet mobile app for iOS and Android.
Coinbase was established in 2012 in San Francisco and is believed to be the largest bictoin-focused company in terms of investment. According to the CurnchBase website, since its establishing in 2012, Coinbase has attracted investments totaling $106.71 million in four rounds. It operates exchanges between bitcoin and fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.
In May it expanded its bitcoin-only offering with the ether, a cryptocurrency that was launched about a year ago, but has since become the second most valuable after the bitcoin. Earlier this year Coinbase also added the stop order option for bitcoin.