Finally a time is very near when the customers of Paypal based in the UK, will be able to use crypto services facilities.
Few weeks ago, PayPal announced their plan to launch their crypto related services for the U.K customers. At that time they didn’t announce the nearby date of launch. But now they talked about the exact time.
According to the announcement made on Sunday by the giant global payment firm, Paypal, all the PayPal customers of the U.K will be able to access the crypto services features like Buy, Sell & hold soon by the beginning of this week. Users will be able to make the use of services for Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) assets only.
This is just expansion of the crypto services of Paypal, which was launched in November 2020 beyond the U.S customers. So this crypto service has been available since November 2020 for many PayPal users from other countries.
Senior executive for PayPal’s crypto division, Jose Fernandez da Ponte, stated that it was the primary motive for them to enter in the crypto space to adopt the Digitisation of money during the Covid-19 pandemic situation.
“Our global reach, digital payments expertise, and knowledge of consumer and businesses, combined with rigorous security and compliance controls provides us the unique opportunity, and the responsibility, to help people in the U.K. to explore cryptocurrency.”
PayPal’s this extension of crypto service in the U.S is started for the U.K for now because they have 2 million monthly active users there, so probably the PayPalPayPal will get better response to give exposure to digital assets in the country.
This facility of crypto service is available for non-business accounts.