UK users can now join Americans in trading crypto on PayPal

UK users can now join Americans in trading crypto on PayPal
фото показано с : invezz.com

2021-9-19 12:12

PayPal made one of the biggest moves in the crypto industry about a year ago when it announced that it will start supporting crypto trading. Before 2020 had ended, the US users already got the ability to use digital coins on the company’s platform, but until now, they remained the only ones with this privilege.

Then, earlier this year, PayPal announced that it is expanding its UK team, and its job offer said that the company is looking for developers experienced with crypto and blockchain. It has been several months since then, and the company has finally rolled out its crypto services for UK users, as well.

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 PayPal brings crypto to the UK

PayPal announced the new move this Friday, September 17th, stating that all eligible users from the United Kingdom are now free to buy, sell, hold, or trade any cryptocurrency available on PayPal’s platform. For the moment, that doesn’t include too many of them, as only four are available — Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Even so, this is a major thing for UK users, as well as the crypto industry itself.

The service starts rolling out this week and will be available to all eligible customers in the coming weeks. It will feature #Bitcoin, #Ethereum, #BitcoinCash and #Litecoin directly within the PayPal digital wallet. Details here: https://t.co/zdvT4AwXit

— PayPal UK (@PayPalUK) August 23, 2021

As for the eligibility of the users, it simply means that only those who verify their identities will gain access to crypto trading, which is understandable, given that PayPal will likely do everything in its power to remain 100% compliant with the local laws and regulations.

As mentioned, the payment giant’s expansion of crypto in the UK marks the first instance of offering digital currencies outside of the US itself. The company’s spokesperson said that PayPal gradually rolled out its new crypto service to UK users and that the process is now complete. Now, the company aims to observe how cryptos will be accepted in the UK, learn from those observations, and eventually, start rolling out new features and functionalities.

PayPal’s crypto expansion the UK is also significant because a lot of the local banks and other payment channels have started preventing users from accessing crypto exchanges, such as Barclays’ decision to cut all payments to Binance. Similar cases were reported when it comes to HSBC, NatWest, and others, all of which were concerned about Binance’s regulatory issues.

The post UK users can now join Americans in trading crypto on PayPal appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

crypto paypal users trading coins company digital

crypto paypal → Результатов: 126


Фото:

The CEO of Paxos shares his views on crypto and PayPal’s next-gen wallet

Back in late 2020, when it announced that it will add crypto to its platform, PayPal made massive waves in the entire crypto industry. In fact, this might be one of the reasons why the crypto prices received such a strong head start at the beginning of the bull run that took them to where […] The post The CEO of Paxos shares his views on crypto and PayPal’s next-gen wallet appeared first on Invezz.

2021-5-9 09:57


Фото:

Report: Paxos Chosen As PayPal Partner for Crypto Services Offering

Payments giant PayPal has chosen Paxos to handle digital assets for the upcoming (yet unconfirmed) crypto offering, CoinDesk reported Monday. PayPal the Biggest Financial Firm to Onboard Crypto? Coindesk said “two people familiar with the matter” told the publication that PayPal users will soon have access to crypto services; including trading and storage.

2020-7-20 13:00


Pundi X Integrates PayPal into Point-of-Sale Device, XPOS; Users Can Buy & Sell Crypto Seamlessly

Pundi X, a blockchain firm based in Singapore, has integrated its point-of-solution (PoS) device, XPOS, with PayPal, according to a medium post on June 30. The move will allow PayPal users to access crypto assets such as BTC, NPXS, ETH, USDT, and DAI seamlessly through XPOS merchants that have activated the ‘Crypto Sale Feature' on […]

2020-7-2 21:54


Today’s Top Crypto News: Bitcoin Price Analysis, Elon Musk, China, Kraken, PayPal and Blockchain Stories

We would like to formally welcome back Bitcoin Exchange Guide's top cryptocurrency news headlines in VIDEO format – a massive success in it's first go around, we know how much the crypto community loves to consume our content and adhere to the advantages that video can bring vs always reading black and white text. While […]

2019-4-10 01:33


VISA Fintech создает команду экспертов VISA Crypto

Несколько месяцев назад мы были свидетелями предупреждений аналитиков о том, что Visa и Paypal могут быть вытеснены с рынка из биткойнов и других криптовалют. Как бы то ни было для Paypal, но VISA Inc. создает новую «Crypto Team».

2019-3-18 16:16