Blockchain technology has the potential to revolutionize the financial services industry, the U.S. economy and the delivery of government services, and I am proud to be involved with this initiative.
– Mick Mulvaney, White House Chief of Staff
Coinbase Customers Can Now Make Free Cash Transfers to PayPal.
Coinbase nows allows customers to make free fiat transfers from their accounts to PayPal. The process had previously required an ACH account or federal wire account which would take at least 2 days to clear. Now transfers are instant and free.
Currently, the Coinbase-PayPal partnership only allows for withdrawals when you sell cryptocurrencies. Deposits are not allowed. To link your PayPal account to Coinbase, just go to Settings > Linked Accounts and you will be prompted to sign in to your PayPal account.
Introducing the Gemini Mobile App — Crypto on the Go!
According to Gemini’s blog post announcing the app, features in the app include the ability to:
- Buy and sell cryptocurrency
- View market prices and your portfolio value
- Set price alerts
- Set recurring buy orders
- Send and receive cryptocurrency
Revolut granted European banking license
Fintech tech unicorn Revolut, has secured a Eurpoean banking license, marking a big step for the cryptocurrency proponent. The license allows Revolut to offer consumer and business lending, full currency accounts, direct deposits for customers, as well as customer coverage from the Eurpoean Deposit Insurance Scheme.
The company has partnered with Coinbase Pro and Bitstamp to provide cryptocurrency trading to provide its 3+ million customers the ability to trade cryptocurrencies.