According to a Reddit post, Coinbase can now be accessed by Canadian residents through the use of PayPal.
This will be more convenient to traders, as through PayPal one can effectively link his account to a credit card. The feature is currently available for withdrawals, but it is expected that the feature will be available for deposits soon.
Credit purchases are very important as it offers an advantage to Canadian users looking to access the Coinbase platform. As more funds will be able to easily enter the market, it is expected that the cash volume will also impact the crypt prices.
While Canada is a thriving country when it comes to mining facilities, it has not made that many headlines lately for its involvement in the crypto market. The country is also home to a number of groups and organizations which promote the use and development of blockchain. Blockchain Canada is the most prominent of organizations in that matter, consisting of a team of notable members and partners.
Mexico-based cryptocurrency exchange Bitso has raised capital from a number of major investors including Ripple, Coinbase, and Jump Capital to help it expand into Latin America.
The UNICEF is rolling out a pilot program to accept cryptocurrency donations—and won’t be converting the raised funds to cash.
The Commodity Futures Trading Commission chair believes that Ethereum is a commodity, according to Yahoo Finance.
Ripple announced on Wednesday a collaboration with UK-based Finastra, reportedly the third-largest FinTech firm in the world, to allow Finastra's customers access to RippleNet, Ripple's global payment network, for faster, cheaper, and more reliable cross-border payments.
Malta-based cryptocurrency exchange, Binance, has added WeChat and Alipay as payment methods on its platform.