Bitcoin, Ethereum, Litecoin, Bitcoin Cash: PayPal does a first, will allow users to buy, sell cryptocurrency in UK | Tech News

Bitcoin, Ethereum, Litecoin, Bitcoin Cash: PayPal does a first, will allow users to buy, sell cryptocurrency in UK

PayPal said it will allow UK customers to choose from four types of cryptocurrency: Bitcoin, Ethereum, Litecoin and Bitcoin Cash.

By:AFP
| Updated on: Aug 21 2022, 19:45 IST
PayPal will add a new cryptocurrency tab to its platform to allow users in the UK to trade in Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
PayPal will add a new cryptocurrency tab to its platform to allow users in the UK to trade in Bitcoin, Ethereum, Litecoin and Bitcoin Cash. (REUTERS)

PayPal on Monday said it will this week begin to allow users in Britain to buy, hold and sell cryptocurrency through the online payment platform for the first time.

The expansion into the hot digital money trend follows similar moves by the payments giant in the United States earlier this year.

You may be interested in

MobilesTablets Laptops
7% OFF
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
28% OFF
Samsung Galaxy S23 Ultra 5G
  • Green
  • 12 GB RAM
  • 256 GB Storage
Google Pixel 8 Pro
  • Obsidian
  • 12 GB RAM
  • 128 GB Storage
Apple iPhone 15 Plus
  • Black
  • 6 GB RAM
  • 128 GB Storage

The US firm said its new service would allow UK-based customers to choose from four types of cryptocurrency: Bitcoin, Ethereum, Litecoin and Bitcoin Cash.

Also read
Looking for a smartphone? To check mobile finder click here.

They will be available both via the PayPal app and its website, with the expansion set to start this week and be available to all eligible customers within the next few weeks.

Also read: Looking for a smartphone? Check Mobile Finder here.

A new cryptocurrency tab will be added to its platform, showing real-time currency prices, PayPal said.

"The pandemic has accelerated digital change and innovation across all aspects of our lives, including the digitisation of money and greater consumer adoption of digital financial services," said Jose Fernandez da Ponte, of PayPal.

He added the firm hoped the new offering would "help people in the UK to explore cryptocurrency".

"We are committed to continue working closely with regulators in the UK, and around the world, to offer our support and meaningfully contribute to shaping the role digital currencies will play in the future of global finance and commerce."

In April PayPal owned mobile payments service Venmo began letting users in the US buy, hold or sell cryptocurrency using its app.

That followed PayPal itself in March allowing people there to use cryptocurrency to make purchases from millions of merchants that use the financial platform for online transactions.

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 26 Aug, 17:49 IST
Tags:
NEXT ARTICLE BEGINS