PayPal Launches Cryptocurrency Service For UK Customers


PayPal has made its crypto currency service available to all UK customers.

It Was Announced in August, It Started This Morning

San Jose-based financial technology giant PayPal has announced that it is opening up its cryptocurrency services to UK customers. Now, customers in the United Kingdom will be able to trade with crypto coins. Customers will be able to benefit from buying, selling and storing services. Currently the company Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) will only support these four cryptocurrencies.

Paypal debuted in the cryptocurrency sector in October and gradually introduced new functionality to all US users. As reported, the company had announced in February that it would expand its cryptocurrency operations. PayPal, the financial technology giant, is working to provide these services to customers in more and more locations as time goes on.

The Company is located in the United Kingdom cryptocurrency the unit announced in August that it would begin its services. Paypal announced this morning (September 17, 2021), in a tweet from its official twitter account, that customers can start using these services.

The Statement Came from the Company’s Blockchain Leader

Jose Fernandez da Ponte, the company’s blockchain leader, said that PayPal is trying to contribute to shaping the role of cryptocurrencies in global finance:

“We are working closely with regulators from all over the world to make a meaningful contribution to shaping the role that digital currencies will play in the future of global finance and trade. We are also committed to continuing these studies.”

Also in July, PayPal opened many job positions for candidates who can work in the field of crypto currency in Ireland.

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