does coinbase take paypal

Coinbase and PayPal: A Tale of Partnerships and Rivalries Coinbase and PayPal have been two of the most popular cryptocurrency exchanges in recent years. However, despite their shared focus on digital currency, they are not related to each other in a very simple way. The two companies are engaged in a contentious legal battle over the ownership of PayPal, a popular digital payments platform. The legal dispute between the two companies dates back to 2016, when PayPal bought a significant stake in Coinbase. This acquisition was intended to expand PayPal's reach into the cryptocurrency market, but it turned out to be a major setback for PayPal. In 2018, PayPal launched a lawsuit against Coinbase, accusing them of breaching an agreement to sell PayPal's stake in Coinbase. The dispute has been ongoing for several years, with both companies maintaining their positions on the matter. In 2021, a settlement was reached between the two companies, with PayPal agreeing to pay $400 million to Coinbase for their stake in the cryptocurrency exchange. This settlement was not seen as a complete win for PayPal, as they still maintain their right to a large portion of the settlement. Despite the ongoing legal dispute, both Coinbase and PayPal continue to operate as separate entities. Coinbase focuses on digital currencies and is known for offering various services to users, including exchange rates, deposits, withdrawals, and more. PayPal, on the other hand, remains a major payments provider that offers various digital payments services, including PayPal accounts, mobile payments, and online purchases. Despite their differences, both Coinbase and PayPal have their unique features and offerings to users. Coinbase's focus on digital currencies and PayPal's focus on digital payments have contributed to their popularity and success in their respective markets. As a result, both companies have become influential players in the cryptocurrency and digital payments industry.