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(*****) (**) PayPal launches a crypto service for UK customers

(*_ Users can now buy Bitcoin, Ethereum and Litecoin as low as PS1 through the PayPal website or app All eligible PayPal users in the UK have the ability to purchase, hold, and sell four major cryptocurrencies directly via their PayPal accounts, according to the US-based online payment giant. According to PayPal UK, the company’s…

(*_ Users can now buy Bitcoin, Ethereum and Litecoin as low as PS1 through the PayPal website or app

All eligible PayPal users in the UK have the ability to purchase, hold, and sell four major cryptocurrencies directly via their PayPal accounts, according to the US-based online payment giant.

According to PayPal UK, the company’s customers in the country now have access to a crypto service supporting Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).

” We are thrilled to announce that all UK customers can now purchase, hold, and sell #Cryptocurrencies from their PayPal accounts. Look out for it in the PayPal app,” the company tweeted.

While PayPal has only just added the crypto buying services to its platform in the UK, the original press release of the rollout came in August. This was almost a year after the company launched the service for its US market in October 2020.

The availability of the service for crypto users in the United Kingdom marks the start of the company’s planned global expansion.

Customers can monitor and track the prices of the supported cryptocurrencies in real-time.

Customers have the option to use the application for due diligence. The interface allows one access educational resources regarding digital assets.

The company will offer the crypto service in partnership with Paxos Trust Company, a New York-based platform-as-a-service (PAAS) provider.

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