Major global payments firm PayPal UK just launched crypto trading services for all of its eligible customers, giving them access to four top cryptocurrencies.
On Friday, the company announced that all eligible PayPal UK users will now be able to buy, sell and hold Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).
We are delighted to share that all eligible customers in the UK can now buy, hold and sell #Cryptocurrencies #Bitcoin, #Ethereum, #BitcoinCash & #Litecoin from their PayPal account. Look out for it in the PayPal app.
— PayPal UK (@PayPalUK) September 17, 2021
The company began rolling out the new payments service for UK clients at the beginning of the week of August 23rd.
The completion of the rollout marks the first international expansion of the company’s cryptocurrency offerings outside of the US.
Jose Fernandez da Ponte, vice president and general manager of PayPal’s blockchain and crypto division, says that the Covid-19 pandemic has accelerated the shift into digital innovation, opening up the opportunity for PayPal to get involved with digital payments.
“The pandemic has accelerated digital change and innovation across all aspects of our lives – including the digitization of money and greater consumer adoption of digital financial services.
Our global reach, digital payments expertise, and knowledge of consumer and businesses, combined with rigorous security and compliance controls provides us the unique opportunity, and the responsibility, to help people in the UK to explore cryptocurrency.
We are committed to continuing 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.”
Earlier this year Paypal started the “Checkout with Crypto” feature – enabling customers in the US to use their cryptocurrency as a payment option in their wallet.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Titima Ongkantong/Vladimir Sazonov