Users can buy Bitcoin, Ethereum, Litecoin and Bitcoin Cash from £1 through PayPal’s website or app.
The US online payments giant has announced that all eligible PayPal users in the UK now have the ability to buy, hold and sell four major digital currencies directly from their PayPal account.
“We are pleased to share that all eligible UK customers can now buy, hold and sell #Bitcoin, #Ethereum, #Bitcoin Cash and #Litecoin #Cryptocurrencies from their PayPal account. Watch the PayPal App “, chirp Contracting.
While PayPal has just added cryptocurrency buying services to its UK platform, Press release The initial announcement of the launch of these services dates back to August. This was nearly a year after the company launched the service for its US market in October 2020.
The availability of the service to crypto users across the UK makes the company complete the first phase of its planned expansion across the world.
Besides supporting buying, selling or trading the four supported cryptocurrencies, the crypto feature also allows customers to monitor and track prices in real time.
Customers can also use the app for due diligence purposes, as the interface provides access to educational resources on digital assets.
The company will offer the cryptocurrency service in partnership with Paxos Trust, a New York-based Platform As a Service Provider (PAAS).