What will PayPal and Coinbase agreement mean for bitcoin gambling?

J

joker

Member
Online payments giant PayPal seem to be warming to crypto-currency. A few months ago they added Xapo founder and bitcoin evangelist Wences Casares to their board of directors. Now PayPal have gone one step further by allowing you to integrate your PayPal and Coinbase accounts. When you sell BTC at the Coinbase/GDAX exchange, you can now automatically have the dollar amount deposited into your PayPal account.

The service is only available in the USA but they hope to roll it out to all 200 million PayPal customers worldwide. For now you can only cash-out using PayPal but Coinbase have stated that the long term goal is also to allow you to buy bitcoin using PayPal.

This will surely be a good thing for sports bettors, poker players and casino gamblers in the United States who are looking for an easy way to convert their bitcoin into US dollars.
 
N

neet

Member
For most online gamblers I think the big problem is buying bitcoin. By the time the sportsbook or poker room has finished with you, you usually don't have a lot to sell
:)


This is a positive development. It's only a matter of time before we will be able to buy BTC from our PayPal wallets.
 
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