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Buying crypto via PayPal expands to the UK

Earlier this year, PayPal announced that users in the United States could buy, sell and hold cryptocurrencies via its platform, with the feature only available to those Stateside.

Now the functionality is being more widely available, with it hopping across the pond and allowed for those in the United Kingdom. As such, we’re still some ways off of a fully fledged global release for support of cryptocurrencies on PayPal.

The new service is launching today and being rolled out over the course of 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,” a blog post explains.

“This announcement marks the first international expansion of the company’s cryptocurrency offering outside of the United States. With a trusted brand like PayPal now making an entry, access, knowledge, and the exploration of cryptocurrency has the potential to become mainstream in the UK,” it adds.

Noting how the experience works, PayPal says customers can start by buying as little as £1 (~R20.81) of cryptocurrency through PayPal. Along with the four cryptocurrencies available to purchase, sell and hold, customers can also view the current pricing and trends that PayPal has on the increasingly popular digital medium.

To find out more abut the offering, head here.

[Image – Photo by Art Rachen on Unsplash]

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