On August 23, PayPal announced that it will allow customers in the UK to buy, hold and sell Bitcoin, Ethereum, Litecoin and Bitcoin Cash in their PayPal accounts.
It marks the first expansion of PayPal’s cryptocurrency offering outside the US since its launch there in October 2020.
Customers can fund purchases using their bank account or debit card. If they choose to sell cryptocurrency, funds are expected to be available quickly to spend. There are no fees to hold cryptocurrency in a PayPal account, though there are transaction charges and currency conversion fees for buying and selling.
The pandemic has accelerated digital change and innovation across all aspects of our lives
Jose Fernandez da Ponte, PayPal
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