PayPal Now Accepts Crypto Payments In The UK & It's Changed EVERYTHING!

PayPal Now Accepts Crypto Payments In The UK & It's Changed EVERYTHING!

Welcome back to Business Craze, today on the channel we are going to talk about PayPal launching its cryptocurrency service in the UK. The U.S. online payments giant said Monday it would let British customers buy, hold and sell digital currencies, starting this week. It marks the first international expansion of PayPal’s crypto product, which first launched in the U.S. in October last year.

“It has been doing really well in the U.S.,” Jose Fernandez da Ponte, PayPal’s general manager for blockchain, crypto and digital currencies, told CNBC. “We expect it’s going to do well in the U.K.'' PayPal's crypto feature lets customers buy or sell bitcoin, bitcoin cash, ethereum or litecoin with as little as £1. Users can also track crypto prices in real-time, and find educational content on the market. Like the U.S. version of the product, PayPal is relying on Paxos, a New York-regulated digital currency company, to enable crypto buying and selling in the U.K. PayPal said it has engaged with relevant U.K. regulators to launch the service. PayPal’s crypto service is similar to one from U.K. fintech firm Revolut. As is the case with Revolut, PayPal users can’t move their crypto holdings outside the app. Revolut recently started testing a feature that lets users withdraw bitcoin to their own personal wallets. Stay tuned to know more about PayPal launching its cryptocurrency service in the UK.

#PayPal #UK #Cryptocurrency

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Видео PayPal Now Accepts Crypto Payments In The UK & It's Changed EVERYTHING! канала Business Craze