PayPal enabling its customers in UK to buy, hold & sell cryptocurrency

PayPal has announced the launch of a new service enabling its customers in the UK to buy, hold and sell cryptocurrency with PayPal, Report informs referring to the company’s website.

This new service starts rolling out this week.

Customers can choose from four types of cryptocurrencies - Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

By accessing their PayPal account via the website or the mobile app, they can view real-time crypto prices, access educational content to help answer commonly asked questions, and learn more about cryptocurrencies, including the opportunities and risks.

As part of this offering, PayPal provides account holders with educational content to help them understand the cryptocurrency ecosystem, the volatility, risks, and opportunities related to purchasing cryptocurrency.

This March, the company announced ‘Checkout with Crypto’ - enabling customers in the US to use their cryptocurrency alongside other payment methods in their PayPal wallet to make purchases at businesses worldwide.

PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform empowers more than 400 million consumers and merchants in more than 200 markets to join and thrive in the global economy.