Coinbase Now Allows All U.S. Users to Withdraw Funds to PayPal

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Coinbase customers in the US will now have better crypto, and
fiat accessibility as the exchange is allowing them to withdraw
Coinbase Cash balances to their PayPal accounts.
PayPal is one of the world’s largest payment platforms, and
will now act as another link between the crypto exchange and
fiat currencies. The withdrawals to PayPal will be free.

The Fifth Day of Coinbase
As part of its 12 Days of Coinbase program , the cryptocurrency
exchange announced that all users based in the US can now
withdraw their Coinbase cash balances to PayPal for free.
Coinbase said:

“These withdrawals are not only fast; they’re free and
incur no fees. We work hard to make Coinbase the
easiest and most trusted platform around — and now,
moving your cryptocurrency to cash is easier and
more affordable than ever.”

Before the announcement, Coinbase users had to depend on a
Federal Wire account or an ACH to withdraw their funds, which
takes up to two days to transfer funds to the users.
PayPal removes this extra step and provides users with an
instant alternative to work with. It also provides them with a
reliable and convenient way to withdraw funds.

Moving Into the New Year With Coinbase
Coinbase customers must link their PayPal accounts to their
exchange accounts to enable withdrawals.
The new feature will also be rolled out to users of other
countries throughout 2019.
The exchange noted that the customers want an open financial
system which includes having the flexibility to use crypto,
however, and whenever the users want. Coinbase said:

“This integration is a big step forward in realizing that
vision, allowing you to smoothly and instantly transfer
your funds to cash.”

The cryptocurrency exchange recently announced that it would
allow users to buy e-gift cards with cryptocurrency which
could then be spent at well-known brands like Nike and Uber.
Coinbase has also created a new watchlist feature on the
dashboard which allows users to track cryptocurrencies they
are interested in. Assets that have not yet been listed on
Coinbase can also be added to the watchlist.

Source: https://blokt.com/news/