Coinbase has expanded its funding options for US users, who can now buy cryptocurrency using the safe and popular eWallet, PayPal. In a blog post, the newly publicly-listed crypto exchange company announced: “Buying crypto should be easy and simple. However, moving money in the traditional world of finance can be anything but.” The blog post highlighted how traditional payment processing systems, such as wire transfers, take too much time and how crypto is the solution. And with PayPal, it gets even easier to buy yourself some cryptocurrency. “Now, you can instantly fund crypto purchases with PayPal in just a few taps.”

To link your PayPal account to Coinbase, navigate to ‘Add a payment method’ within the app when you are buying cryptocurrency. If you use the same email for both accounts, the process will be seamless. If the emails are different, you will have to pass through the two-factor authentication process. Once linked, you can spend up to $25,000 a day to buy crypto at Coinbase using PayPal.

For PayPal, this is another dive deeper into crypto waters. The company first dipped its toes last fall when it allowed its users to buy and sell Bitcoin, Ethereum, Litecoin, and Bitcoin Cash within its platform. Early this year, it added a functionality that allowed its users to check out with cryptocurrency when making eligible purchases without having to first convert to fiat. The company has also allowed crypto trading in its millennial-focused app, Venmo, which already boasts over 70 million users.

For Coinbase, it is a way to make it easier for more investors to buy crypto. PayPal is a safe and convenient payment method for millions of US customers. Such customers will now use their PayPal balance or linked debit cards and bank account to purchase cryptocurrency. Coinbase does not accept credit card purchases, and the credit cards linked to PayPal will not be able to buy cryptocurrency.

For crypto fans, it is yet another sign that cryptocurrency and blockchain-related activities are gaining acceptance in the mainstream world. There is every reason to remain excited about the future.

The daily cap of $25,000 makes PayPal a second big-spender option at Coinbase, alongside bank purchases via an automated clearing house (ACH). Debit cards have a weekly cap of $5000. The biggest spender option is wire transfer, which has no cap. Nonetheless, PayPal users will, for now, have to contend with the relatively high processing fee of 3.99%.