PayPal to Allow UK Customers to Buy, Hold, & Sell Cryptocurrency
08:00 GMT 23.08.2021 (Updated: 08:11 GMT 23.08.2021)
© AP Photo / Jeff ChiuPayPal headquarters in San Jose, Calif
© AP Photo / Jeff Chiu
MOSCOW (Sputnik) - International payment gateway PayPal said on 23 August that it had expanded its cryptocurrency services outside the US, allowing customers in the United Kingdom to buy, hold, and sell Bitcoin and other cryptocurrencies.
The services have so far only been available in the US since October 2020.
"PayPal (NASDAQ: PYPL) today announced the launch of a new service enabling its customers in the UK1 to buy, hold, and sell cryptocurrency with PayPal. This new service starts rolling out this week", the statement read.
Clients can choose from four types of cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
23 August, 03:10 GMT
Customers can monitor real-time crypto prices via their PayPal accounts, access educational content on cryptocurrencies, and purchase cryptocurrency. There are transaction fees and currency conversion fees for buying and selling applicable cryptocurrencies, while holding cryptocurrency in a PayPal account involves no fees.
PayPal is the world's largest debit e-payment system and the pioneer of the digital payment revolution. The PayPal platform empowers over 400 million consumers in more than 200 markets to join and thrive in the global economy.