Coinbase now supports Paypal

[EpicNPC]

Coinbase.com, one of the most popular bitcoin wallets, now partially supports Paypal.

Users with Bitcoin on Coinbase can now transfer those funds to their Paypal account. At this time it is not yet possible to buy bitcoin with Paypal, however that has been announced as something that will eventually happen.

For those unaware, Coinbase and Paypal signed a partnership agreement a year or two ago and it now looks like they are finally stating to integrate their systems.

The reason I'm posting this is because some members are unfamiliar with bitcoin and don't want to accept payments from other members that do use bitcoin. Anyone can now easily transfer their bitcoin funds into their Paypal account, so accepting bitcoin as payment should no longer be a scary thing. If you don't have a coinbase account yet, it's free to create and you can start accepting bitcoin payments immediately.

Check our Bitcoin info page for more info:
https://www.epicnpc.com/infocenter/bitcoin.html

 

[addwater]

I thought Paypal is strictly anti-crypto currency. I guess in about 20 years we will be able to buy BTC via Paypal, but only if you send selfies of yourself holding notarized proof of the Paypal account ownership and DNA sample.

 

[EpicNPC]

Paypal is embracing bitcoin, one of the few payment processors that are. My guess is that within the next year you'll be able to buy bitcoin with Paypal as well.

 

[ARMIK]

i thought paypal is strictly anti-crypto currency. I guess in about 20 years we will be able to buy btc via paypal, but only if you send selfies of yourself holding notarized proof of the paypal account ownership and dna sample.

lmao.

 

[ARMIK]

Isn't coinbase a US only site? I think I tried it long time ago and it said Ukraine isn't supported.

 

[Geek]

This only happened because the head of the fraud division at Paypal left his job to work for Coinbase. They plan to be as strict (and limit as often) as Paypal has been the last few years.

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Paypal is embracing bitcoin, one of the few payment processors that are. My guess is that within the next year you'll be able to buy bitcoin with Paypal as well.

You already can, just not via Coinbase.

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I thought Paypal is strictly anti-crypto currency. I guess in about 20 years we will be able to buy BTC via Paypal, but only if you send selfies of yourself holding notarized proof of the Paypal account ownership and DNA sample.

You already can. Localbitcoin vendors take it, among others.

 

[FuryRoadRaiders]

Coinbase is great. Paypal is great. Should be great.

MtGox... not so much