Coinbase Teams up with PayPal to Offer Seamless Crypto Purchases in German and UK

The US-based crypto exchange Coinbase has joined forces with the global leader in digital payment solutions, PayPal, to provide a hassle-free, trusted, and secure crypto purchasing and withdrawal option for its customers in the UK and Germany.

This is part of Coinbase’s mission to deliver easy and secure access to the cryptoeconomy for everyone.

Specifically, this partnership allows the crypto exchange's German and UK users to buy crypto by using their debit cards and bank accounts linked to PayPal. A client with a PayPal account can start transacting on Coinbase immediately.

"Coinbase's mission of increasing economic freedom in the world means making it easier, safer and faster for customers to interact and engage with the cryptoeconomy, reducing the frictions of the legacy banking system. We're therefore very pleased to be partnering with PayPal to be able to offer our German and UK users another fast, secure and convenient way to buy crypto," said Daniel Seifert, Vice President and Regional Managing Director, EMEA at Coinbase.

The company unveils that it plans to expand this service to other EU countries over the coming months.

Previously, Fazzaco reported that PayPal would halt crypto sales in the UK from October 1, in order to meet the new requirements made by the local financial watchdog.