Paypal crypto is now available to customers in the United Kingdom after it has completed its first international expansion outside the United States. The Customers are now able to buy sell four crypto coins, Bitcoin (BTC), Bitcoin cash (BCH), Litecoin (LTC), and Ethereum (ETH).
Last year in October Paypal announced that it will be launching a crypto service to the Customers of the US in a partnership with Paxos Trust Company. The data tells that the Paypal crypto service is available in more than 200 markets and to 400 million consumers. Now Paypal has unveiled its plans to offer crypto service to the customers of the United Kingdom.
The company has hired over 100 people to expand its crypto service in July 2021. The company has completed its rollout of offering crypto services to UK customers which started in August. The Twitter handle of Paypal UK tweeted:
We are delighted to share that all eligible customers in the UK can now buy, hold and sell cryptocurrencies bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH) & litecoin (LTC) from their Paypal account.
Paypal crypto services:
The company’s website explains that the crypto service in the U.K. is provided by Paypal (Europe) S.à r.l. et Cie, S.C.A., a credit institution supervised by Luxembourg’s financial regulator, Commission de Surveillance du Secteur Financier. The crypto service is not regulated by any regulators.
Paypal crypto service will include buying, holding, and selling four crypto coins. The transaction service is not provided by Paypal. Third-party wallets’ services will be used to transfer the crypto assets. The firm has clearly said that it’s his first expansion outside the US.
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