Coinbase allows fund withdrawals to PayPal for European customers

07 Feb, 2019 | Updated: 07 Feb, 2019
by Fifi Arisandi
Exchange
Coinbase allows fund withdrawals to PayPal for European customers

Coinbase's customers located in the European Union and European Free Trade Association countries can now withdraw their funds to their PayPal accounts.

Coinbase continuously upgrades their service. After announcing the Bitcoin addition to their wallet app yesterday, they’re adding a new support to their customers in the European Union and European Free Trade Association countries.

Read more: Coinbase Wallet now supports BTC, store your BTC on your Crypto Wallet app

Customers from the aforementioned regions are now allowed to withdraw their fund to PayPal, a service that was previously only available for customers in the US and UK, as reported by BTC Manager.

Quoting Coinbase’s staff, Allen Osgood’s statement, "Before PayPal, SEPA and UK Faster Payments were the only options for European customers to withdraw funds. Part of our commitment to being the safest and easiest is to support the preferred transfer options for our customer around the world. As one of the world’s easiest and most widely-used payment platforms, adding PayPal as a withdrawal option for European customers offers another great option for withdrawing their funds."

The online payment service giant itself is now being more open to cryptocurrency, with the latest update from the Davos 2019 World Economic Forum, where PayPal’s co-founder, Luke Nosek praised Bitcoin and other crypto projects for "taking their time, making sure to build the right thing, before...pushing for adoption."

Read more: PayPal aimed to make its own crypto, says co-founder

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