February 7, 2019

Coinbase: BTC Withdrawals to PayPal for EU Nations

On February 5, Cryptocurrency exchange Coinbase announced that it was extending support for PayPal withdrawals to all their customers in the European Union as well as European Free Trade Association countries. The latter would include countries such as Iceland, Norway, Switzerland and Liechtenstein.

PayPal Withdrawals in the UK

The news comes as shortly after the exchange announced a similar move in the United States last year. A blog post penned by Coinbase employee Allen Osgood, detailed the announcement, he writes:

“Before PayPal, SEPA and UK Faster Payments were the only options for European customers to withdraw funds. Part of our commitment to being the safest and easiest is to support the preferred transfer options for our customers around the world. As one of the world’s easiest and most widely-used payment platforms, adding PayPal as a withdrawal option for European customers offers another great option for withdrawing their funds.”

Coinbase has always been a forward-thinking cryptocurrency exchange in terms of offering services such as Coinbase custody and tax payment resources.

Coinbase Wallet App

On February 5, 2019, the cryptocurrency exchange announced that it would be launching its own Coinbase Wallet app, where users would be able to store their bitcoin BTCUSD BTC [BTC].

Coinbase said that the wallet supports Ethereum Classic, Ethereum and “over 100,000 different ERC20 tokens and ERC721 collectibles built on Ethereum.” The announcement further stated that the wallet app would be available to all customers on both the Android and iOS sometime next week.

The announcement added that while bitcoin support is already present on the app, all that users would be required to do is tap on the ‘receive’ option on the wallet and select bitcoin BTCUSD BTC [BTC] to send bitcoin BTCUSD BTC [BTC] to their own Coinbase wallet.

Interestingly, the wallet supports both “SegWit addresses with lower transaction fees, as well as Legacy addresses for backwards compatibility”. For the uninitiated, a Legacy address is the standard bitcoin BTCUSD BTC [BTC] address that begins with 1.

While, the news about Coinbase supporting PayPal is exciting, it is unclear how this will affect the country which is currently involved in finalizing terms for Brexit.

Coinbase: btc withdrawals to paypal for eu nations

Like BTCMANAGER? Send us a tip!

Our bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4

Published at Thu, 07 Feb 2019 03:00:28 +0000

You might be interested in …

March 10, 2018

Finnish Crypto Exchange Prasos Oy’s Trading Days May Be Numbered

Finnish Crypto Exchange Prasos Oy’s Trading Days May Be Numbered Nikita Blows · March 9, 2018 · 11:00 pm Four out of the five banks that Finnish-based Prasos Oy uses for their business has severed […]

November 5, 2017

Alex Tapscott’s Nextblock Global Receives Major Backlash Prior to Public Offering

Things have gone from bad to worse for Alex Tapscott this past week. Several of his projects have received a lot of scrutiny. Moreover, there are some allegations which have to be rectified as well. Nextblock Global, the company owned by Alex Tapscott, will invest in companies and projects focusing on ICOs. However, the list of advisors for this company is mostly fake. Not a big surprise, but it is still rather worrisome.

Most people in the cryptocurrency world know the name Alex Tapscott. He is a well-known author and Canadian investors. However, his latest business venture raises a lot more questions than answers. Nextblock Global is a very dubious business model, to say the least. Not because of the investing angle, but everything else about it seems pretty fake. Especially the list of alleged advisors contains names which aren’t even associated with this venture.

Trouble Ahead for Nextblock Global

Some of those names include Andreas Antonopoulos and Dmitry Buterin. It is unclear why their names are on the list of advisors, to begin with. Neither of these gentlemen is even remotely connected to this new venture. There are some other names on the page which may also be completely fake, including Vinny Lingham and Kathryn Haun. It is disconcerting to see these names listed on a site they don’t even want to be associated with. It is a common tactic among semi-scammy ICO ventures, though.

The big question is why Alex Tapscott made such a grave mistake. It is evident these names were included to make the company more legitimate. However, it is unclear if this is his doing or someone else’s. The official explanation is how they were “listed in a draft version”. Even so, these names shouldn’t be there unless they agree to be a part of it. A weak explanation, to say the very least. This doesn’t bode well for the future of Nextblock Global either.

It is evident this whole ordeal will cause a lot of heated debate. The Canadian Imperial Bank of Commerce has rebuked its underwriting of the Nextblock Global public offering. This is the only logical decision as long as these “issues” are still being discussed. It is a very strange and potentially unfortunate turn of events. Whether or not there was any foul play involved, will always remain a question. It won’t do the reputation of Alex Tapscott any favors either right now. Then again, if this is an error, it should all blow over pretty soon.

Header image courtesy of Shutterstock

The post Alex Tapscott’s Nextblock Global Receives Major Backlash Prior to Public Offering appeared first on NEWSBTC.

November 5, 2018

STABLE project

Blockchain on Medium STABLE project Introducing Co-operative Finance Exchange Continue reading on Medium » more info…