As per the latest announcement of Paypal, all the eligible users now can buy and sell crypto assets like Bitcoin, Bitcoin cash, Litecoin & Ethereum.
PayPal is expanding their crypto services time to time because they know that crypto is the future of the financial ecosystem and if they will not adopt the crypto in their platform then it may cause a significant loss in future or they may lag behind the competition in between the financial institutions. In October, PayPal confirmed that they will expand their crypto services in the UK.
Read also: PayPal Will Push Crypto Services In Ireland
Now, San Jose-based financial technology giant payment company, Paypal, announced that all the eligible & verified users of Paypal can buy, sell & hold crypto assets directly at the platform.
The supported assets by PayPal for the UK users are Bitcoin, Bitcoin Cash, Ethereum and Litecoin.
The company’s blockchain lead, Jose Fernandez da Ponte, said that with the integration of crypto assets buys sell features they are contributing to the crypto adoption globally
“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”
Right now, PayPal is fully serious with the adoption of crypto. Time to time they are enabling new features for their users and taking steps carefully. Earlier this, they changed the buy limit for their users.