PayPal officially announced Sept. 17 that all eligible customers in the U.K. can now buy, hold and sell cryptocurrencies using their PayPal accounts.
Customers can trade four major cryptocurrencies: Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). As previously announced, crypto trading will only be available to PayPal customers with verified identities.
PayPal announced plans to move into the British cryptocurrency market in late August, immediately proceeding with a partial rollout of crypto trading services. The move marks the first expansion of PayPal’s cryptocurrency services beyond the United States.
Speaking to Cointelegraph, a PayPal spokesperson said, “PayPal gradually rolled out its new crypto service to its UK customers. That process is complete,“ adding:
“We are keen to learn and observe how our customers use our buy, hold and sell crypto offering before we start to roll out more features and functionality.“
PayPal’s entrance into the local crypto market comes as some U.K. banks are cutting payment channels to exchanges. In August, banking giant HSBC said it was suspending credit card payments to Binance, citing “concerns about possible risks” to its customers. Other banks like Barclays and NatWest bank had previously blocked transactions to Binance.
PayPal’s British crypto launch is a “breath of fresh air,” according to Gregory Klumov, CEO of tokenization firm Stasis. “Since the country is in the world’s top 10 economies, such a milestone will clearly drive the continued adoption of digital assets in Europe and beyond,” he said.
Check other news for today and Please stand by..
*********************************
If one of the paying programs on our Monitor appeals to you, please support EmilyNews by registering for it on our website. Thanks very very much!
EN web Support Chat | Hyips and Crypto questions – HyipChatEN
Telegram Chat for Crypto and Hyip reports: @HyipChatEN
*********************************
Be the first to get most important HYIP news everyday!
Simply Follow EN Facebook, EN Telegram, EN Twitter
or Subscribe to EN Feedburner and submit your email address!
If you like this article and want to support EN – please share it by using at least few of social media buttons below. Thanks and See you tomorrow!
