Money

PayPal’s crypto services go global

Published

3 years ago

August 23, 2021

ticker NEWS

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.

BBBUUULIIISSSHHH AFFFF pic.twitter.com/DYYQZiSv7z
— JMT-NFT (.eth) (@jmt_nft) August 17, 2021

Want to find out more about Crypto? Hear the latest from our resident experts on Ticker Crypto

Money

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

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Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending