PayPal launches cryptocurrency service in UK

On August 23, it was announced that PayPal was expanding its cryptocurrency service in the UK, allowing consumers to buy, sell and hold four different cryptocurrencies on the platform. This is the first time that PayPal has extended its cryptocurrency services outside of the United States and will start promoting it this week. According to PayPal, users can trade Bitcoin, Ethereum, Litecoin, and Bitcoin Cash for as little as £ 1. Customers must verify their identity before they can redeem. PayPal financial transactions are not supported. PayPal announced the purchase, sale, and maintenance of cryptocurrency services to U.S. customers in October of last year. (Parts office)