PayPal Account Users in UK Can Buy, Sell Crypto

PayPal Account Users in UK Can Buy And Sell Crypto

American multinational financial technology company, PayPal, announced that all eligible customers in the United Kingdom can now buy, hold and sell cryptocurrencies using their PayPal accounts.

PayPal is in the business of operating an online payments system in the majority of countries that support online money transfers and serves as an electronic alternative to traditional paper methods such as checks and money orders.

You may also want to read Mining And Trading of Crypto Authorized in Laos

PayPal users can now trade four major cryptocurrencies: Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Cryptocurrency trading will only be available to PayPal customers with verified identities.

PayPal’s British crypto launch is a “breath of fresh air,” according to Gregory Klumov, CEO of tokenization firm Stasis. He stated, “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.”

PayPal is currently trading at $278.11 on the NASDAQ exchange as of the time of this writing. Year-to-date, the stock is up approximately 20%.

PayPal Account Users in UK Can Buy And Sell Crypto