Industry Report: Bitcoin ‘Hooking Up’ With Traditional Finance

Is Canada going cashless? Are PayPal and Coinbase an item? Is IBM testing the blockchain? Take a look below to catch up on all the Bitcoin and digital currency news.
Also read: Industry Report: How Badly Was the DAO Attacked?
Is the Finance Sector Getting Cozy With Bitcoin?
COINBASE
In what’s being called a ‘stellar move,’ Bitcoin exchange Coinbase is adding PayPal and credit card support for its users.
Coinbase recently reported on its blog:
‘Through this integration, Coinbase users are now able to sell BTC and have their USD funds deposited to a PayPal wallet… We’ll invite more users to each service over the next few weeks, and we’ll be expanding to more countries in the coming months.’
PayPal has been showing increased interest in the digital currency market, having filed a patent for a payment device that accepts an assortment of cryptocurrencies in December 2015.

This post was published at Bitcoinist on 2016/06/25.