Goodbye Hassle, Hello PayPal!
If you thought buying cryptocurrency was as easy as pie, think again. But hold onto your hats because Coinbase is about to make your life a lot easier! Beginning today, American users will be able to buy crypto using their PayPal-linked accounts. That’s right—no more tedious wire transfers or automated clearing house methods to bog you down. Just grab your PayPal debit card or bank account, and voila, instant cryptocurrency access!
The Magic Number: $25,000 Daily
So, how much can you snag in crypto using this effortless method? A whopping $25,000 per day! Forget waiting around while your funds clear; with this shiny new feature, your crypto purchases are almost instantaneous—right when you need them. Just like a genie in a lamp, only this time it’s magical blockchain technology!
Currently Only for the U.S., But Stay Tuned!
Wondering if this feature is going global anytime soon? Currently, it’s only available for our friends in the U.S. But don’t fret; Coinbase promises they’re working on rolling this out to other countries in the coming months. Keep your fingers crossed, international users, because you won’t want to miss out on this!
The Numbers Say It All
Let’s take a step back and look at how big this really is. As of Q1 2021, Coinbase was rocking 6.1 million monthly active users. And PayPal? A whopping 377 million users in 2020 alone! When you combine those forces, you can only imagine the wave of crypto purchases waiting to happen.
Crypto Everywhere: The PayPal Connection
Not just resting on their laurels, both Coinbase and PayPal have been busy expanding their footprints in the crypto realm. Earlier this month, Coinbase made headlines by going public on Nasdaq, and in November, PayPal rolled out crypto services for its users. This trend is only gaining momentum, especially following PayPal’s recent announcements allowing users to pay in cryptocurrency at global merchants. Talk about a revolution!
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