In a move that can be seen as a further sign that PayPal is dipping its toes into the bitcoin space, a tie-up with digital currency exchange Coinbase will see the latter enable PayPal support for bitcoin selling.

"Through this integration, Coinbase users are now able to sell BTC and have their USD funds deposited to a PayPal wallet," Coinbase explained in a blog announcement.

As things stand, the San Francisco-based bitcoin company will enable the feature for US users alone before expanding support to other countries. Furthermore, Coinbase also intends to enable bitcoin purchases via PayPal.