Coinbase Integrates PayPal as a Payment Method in Australia
TL;DR: Australian users can now select PayPal as a payment option making it easier to buy and sell cryptocurrencies.
With 9.5 million active accounts in Australia, PayPal is Australia’s most trusted way to send, receive and manage money online, and we are excited to bring a new level of convenience to Coinbase users with this integration. This partnership is aligned with our goal to onboard one billion users to crypto, and our focus on expansion in key regions like Australia. The integration comes at a time of growing crypto adoption in Australia with more than five million Australians now owning crypto.
PayPal Payment Option for Coinbase Services
Previously, Coinbase Australia customers could fund their accounts via PayID, Bank account, debit card payments and crypto deposits. Now, by linking their PayPal account, users have a simple and speedy way to buy crypto on Coinbase using the cards and bank account already linked to PayPal.This will allow Coinbase users to more seamlessly access Coinbase Australia’s suite of products including: simple and advanced trading, stablecoin rewards and staking.
Crypto is the future of money. It is not restricted by international borders and banking hours and it reduces friction and fees for users. Improving and expanding onramping options is fundamental to building a better financial system.
“At PayPal, we’re dedicated to making digital commerce simple, secure, and effortless. As Australia’s most trusted online payment method, we help consumers transact with confidence. Our partnership with Coinbase - a leader in driving crypto adoption in Australia - reflects our shared commitment to innovation and empowering financial choices. Together, we’re providing Australians with a trusted and seamless payment experience to access the crypto economy.” — Simon Banks, Managing Director, PayPal Australia.
About John O’LoghlenRegional Managing Director APAC & Country Director AustraliaJohn O'Loghlen is the Coinbase Country Director, Australia. Prior to joining Coinbase, John led the expansion of Alibaba Group and Ant Group in Australia and New Zealand as well as overseeing the WorldFirst cross border payments business. Before relocating to Sydney in 2014, John spent the previous 11 years in China building businesses in the food delivery space following on from a career in investment banking with Goldman Sachs in London, New York and Beijing.
