Paypal is launching a new service to allow UK customers to buy, hold and sell cryptocurrencies
UK customers can buy, hold and sell cryptocurrencies using their PayPal wallet or app. The service will include crypto coins such as Bitcoin, Litecoin and Ether.
The move marks the first international expansion of crypto services beyond the US.
Paypal is one of the largest mainstream financial platforms to offer access to crypto, with over 403 million active accounts worldwide.
$PYPL $BTC.X PayPal's crypto feature lets customers buy or sell bitcoin, bitcoin cash, ethereum or litecoin pic.twitter.com/yTyh7Wvooi
— Uncle Scrooge (@myinfo123) August 23, 2021
The company launched the service to buy and sell crypto in the US earlier this year
Jose Fernandez da Ponte, vice president and general manager for blockchain, crypto and digital currencies at PayPal says this signals a changing environment.
“We are committed to continue working closely with regulators in the UK, and around the world, to offer our support— and meaningfully contribute to shaping the role digital currencies will play in the future of global finance and commerce,” he said.
Customers will be able to buy bitcoin, ether, litecoin and bitcoin cash through their PayPal wallets online or on the mobile app.
Why yes PayPal. I would like to buy NFTs with my crypto.
— JMT-NFT (.eth) (@jmt_nft) August 17, 2021
BBBUUULIIISSSHHH AFFFF pic.twitter.com/DYYQZiSv7z
Want to find out more about Crypto? Hear the latest from our resident experts on Ticker Crypto
