Coinbase, a San Francisco-based leading bitcoin exchange and wallet service, announced on Wednesday the addition of PayPal and credit card funding mechanisms in order to ease the process of digital currency exchange.

According to the official blog, Coinbase now accepts PayPal for bitcoin selling and credit cards for bitcoin buying. With this addition, Coinbase users can now sell BTC and have their USD funds deposited to a PayPal wallet.

As a start of this launch, Coinbase is offering PayPal cash-out for U.S. users only. It plans to add PayPal support for other countries in the future.

"With the addition of credit card support, we are getting closer to a world where customers can purchase bitcoin with any card in their wallet,” the blog post read.

PayPal and credit card services are currently in beta and the company will be inviting more users to each service over the next few weeks. Coinbase said that it will be expanding the services to more countries in upcoming months.

“To get started, visit the payment methods page on Coinbase.com or tap ‘Settings’ and then ‘Payment Methods’ on iOS or Android,” said the statement.

Earlier this March, Coinbase announced the launch of its new product to users in the United States to buy bitcoin instantly with debit cards. Users with this feature enabled were able to add a debit card either by going to the payment methods page on Coinbase.com or by the Android and iOS app.

Founded in June 2012, Coinbase allows merchants and consumers to transact with the digital currency, bitcoin. Coinbase has two core products: an exchange for trading bitcoin and fiat currency and an API for developers and merchants to build applications and accept bitcoin payments. Coinbase wallet is accessible across 190 countries worldwide.