Coinbase lets you pay for bitcoin and other cryptos with PayPal

Bitcoin and the entire crypto space have had a spectacular year so far, and the 2021 bull run continues. Bitcoin, ethereum, and even meme coins like doge have climbed to all-time highs at various points throughout the year, and others are expected to continue to surge in the coming months. Increased interest from retail investors, the involvement of multiple institutions, the NFT phenomenon, are all factors that might have fueled the growth of bitcoin. The infusion of cash into the economy to prop up industry sectors and people who lost their jobs during the pandemic can also explain the crypto bull run. After all, when bitcoin goes up, everything else follows.

Coinbase, one of the world’s most popular exchanges where people can buy and sell various digital coins, has recently gone public, with IPO documentation highlighting the impressive year the company had so far, thanks to the current bull run. Separately, PayPal started supporting crypto purchases on its platform for four distinct cryptocurrencies late last year. A few weeks ago, it rolled out a new feature that lets people pay for goods by exchanging their digital coins for fiat currency in the app. The two companies have joined forces to roll out a new feature. Coinbase now lets customers buy crypto on the exchange using PayPal.