The title says it all. The company PayPal had decided that they are going to launch the service of selling buying cryptocurrency on the market from their app. This has been exclusively launched in the United Kingdom for this time. This has been confirmed by the company itself that they are going to allow the users to sell and buy cryptocurrency online.
It has been launched in the United Kingdom but we must point out that the service has been existing in the United States for a long period of time. The company had been known to be very successful in America so they have obviously decided to expand the services. They might expand it further in the future if this goes well. The service will be available to all the people users of PayPal from this week. If you have been looking forward to it then you must be really stoked to get this news.
“It has been doing really well in the U.S,” said Jose Fernandez da Ponte. If you are wondering who he is, he is PayPal’s general manager for blockchain, crypto, and digital currencies. “We expect it’s going to do well in the U.K.” he ended on a positive and hopeful note.
Now to come in terms with the features. PayPal’s crypto feature allows the customers of the app to buy or sell bitcoin, bitcoin cash. They can also deal with Ethereum or Litecoin if they so want to at the very small amount of cash with as little as £1. Users will also be given the opportunity to track crypto prices in real-time. The app will also provide educational content on the matter to help the user.
It is indeed kind of similar to the U.S. version of the app that had been going on around for some amount of time. PayPal is relying on Paxos. What is that? Well, it is a New York-regulated digital currency company. This company will allow PayPal to enable crypto buying and selling in the United Kingdom. PayPal has taken into consideration all the possibilities and the regulation that they have to face and then launched this service.