In late August, PayPal announced that it would expand its crypto services to the UK by allowing customers to buy, sell and hold Bitcoin, ETH, LTC, BCH on its platform.
The move marks PayPal’s first expansion of crypto services outside of the United States. At that time, it was said that the service would be available to all eligible customers in the next few weeks. And today is that day.The condition mentioned here is that the customer must carry out a complete identity verification. PayPal business accounts are not supported.The payment giant launched crypto buy, sell and hold service for US customers last October, causing Bitcoin to hit a new high for 2020 and one of the sparks that sparked it. The company does not yet allow users to remove crypto holdings from the platform, although that stance may change.
Jose Fernandez da Ponte, the company’s blockchain team leader, says PayPal is trying to shape the role of cryptocurrencies in global finance.
“We are keen to continue to work closely with regulators in the UK and around the world to support and shape the role of digital currencies in the future of finance and finance.In July, PayPal also opened many crypto-related jobs in Ireland.
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