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PayPal Allows All U.K. Users to Buy and Sell Bitcoin, Ethereum, Litecoin and Bitcoin Cash

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Fri, 09/17/2021 - 06:35
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Alex Dovbnya
PayPal makes its cryptocurrency service available for all of its U.K. customers
PayPal Allows All U.K. Users to Buy and Sell Bitcoin, Ethereum, Litecoin and Bitcoin Cash
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San Jose-based financial technology giant PayPal has announced that all of its eligible customers can now buy, sell and hold cryptocurrencies in the U.K.

The list of supported digital assets includes Bitcoin, Bitcoin Cash, Ethereum and Litecoin.

PayPal ventured into the cryptocurrency sector in October, gradually bringing the new functionality to all U.S. users.  

As reported by U.Today, the company initially announced that it would expand its crypto service across the pond back in February.

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PayPal Dramatically Increases Limit for Cryptocurrency Purchases

In late August, PayPal started rolling out support for the aforementioned cryptocurrencies in the U.K.

Jose Fernandez da Ponte, the company's blockchain lead, said that PayPal strived to contribute to shaping the role of cryptocurrencies in global finance:      

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 July, the payments behemoth also opened several cryptocurrency-related job positions in Ireland.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.