According to a Coinbase blog article written by Allen Osgood, the crypto trading platform’s product manager, Coinbase has expanded its PayPal support to its Canadian customers. The article goes on to say that “Coinbase customers in Canada can now instantly transfer sale proceeds directly into their PayPal accounts.” Allen expounds on Coinbase’s commitment to mold itself into the most trusted cryptocurrency exchange in the world and the most accessible still. By integrating PayPal into the payment system, they offer their clientele a safe and reliable way to access funds.
Coinbase has also integrated PayPal withdrawals to its customers in the European Free Trade Association (EFTA) and the EU. This is a massive relief for European crypto traders who could only access their funds through U.K. Faster Payments or Single Euro Payments Area facilities.
Consequently, the Coinbase to PayPal extension will avail crypto to fiat withdrawals to crypto traders in over 32 countries in Europe. Part of this group is 28 EU member countries and Norway, Liechtenstein, Switzerland, and Iceland, which are nations of the EFTA.