Thursday, July 25, 2024

PayPal customers in the UK will be able to use cryptocurrencies

Date:

The American online payments giant PayPal announced on Monday, August 23, that it will allow its users in the United Kingdom for the first time to buy, hold and sell cryptocurrencies on the payment platform. Your customers will be able to choose between four types of cryptocurrencies: bitcoin, ether, litecoin and bitcoin cash.

A new tab will be added to the PayPal platform, displaying currency prices in real time and including information about cryptocurrencies, including potential risks, PayPal explained.

Read also Bitcoin in five questions

This new service will begin to roll out this week and will be available both in the PayPal application and on the website. The online payments giant said it hopes this will help improve understanding of how cryptocurrencies work.

The popularity of cryptocurrencies has exploded in recent years, despite their volatility and concerns about its environmental impact.

Article reserved for our subscribers Read also Cryptocurrency trading platforms under fire from regulators

There is a similar service in the United States

“The pandemic has accelerated digital change and innovation in all aspects of our lives, including the digitization of money and increased consumer adoption of digital financial services.”said José Fernandez da Ponte, vice president and general manager of blockchain, cryptocurrencies and digital currencies at PayPal. He believes PayPal has “The unique opportunity and responsibility to help people in the UK explore cryptocurrencies”.

“We are committed to continuing to work closely with regulators in the UK and around the world, to offer our support and contribute significantly to shaping the role that digital currencies will play in the future of finance and the world. Commerce world”he added.

In the US, PayPal has launched a similar service, which also allows users to make purchases at participating companies using cryptocurrencies, a feature that has yet to be confirmed for launch in the UK.

Read also After more than $ 600 million stolen, the cryptocurrency world questions its security

The world with AFP

Ebenezer Robbins
Ebenezer Robbins
Introvert. Beer guru. Communicator. Travel fanatic. Web advocate. Certified alcohol geek. Tv buff. Subtly charming internet aficionado.

Share post:

Popular

More like this
Related

Top Reasons to Buy Instagram Likes from InsFollowPro.com

Buying Instagram followers is a strategy some individuals and...

Green Glamour: How to Achieve Eco-Friendly Acrylic Nails

In the vibrant world of beauty and nail care,...

The Future Of Horse Racing In The Digital Age  

Horse racing, a sport steeped in tradition and history,...

How to Sell CS:GO Skins for Real Money

CS:GO skins have become not just an ordinary design...