PayPal brings crypto services to the UK

PayPal's millions of users in the UK can now buy, hold and sell cryptocurrency, although the company is stressing that Brits should research the risks involved.

How Paxos Works with PayPal to Build Innovative Crypto Products

In 2020, PayPal launched the ability for its US users to buy, hold and sell cryptocurrency. Powered by Paxos’ crypto brokerage platform, PayPal has since added Checkout with Crypto, brought its crypto services to the U.K., and now allows consumers to transfer crypto on or off the PayPal ecosystem.

Hear PayPal executives Edwin Aoki, CTO of Blockchain, Crypto and Digital Currencies, and Jose Fernandez da Ponte, SVP of Blockchain, Crypto and Digital Currencies, discuss how PayPal continues to build innovative, successful crypto products with Paxos and why this partnership is driving mainstream crypto adoption.

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About Paxos: Paxos is redefining financial infrastructure. Our blockchain solutions tokenize, custody, trade and settle assets for enterprise clients, enabling the trustworthy and instantaneous movement of any asset at any time. As the economy evolves more rapidly than ever before, we are committed to the innovation that will make its new financial system a reality – and by working within regulatory frameworks, we’re creating an ecosystem built with integrity

Paypal launches its UK cryptocurrency service – Outside Views

UK PayPal users can now buy, hold and sell cryptocurrencies through the website. This is just the beginning.

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PayPal Now Accepts Crypto Payments In The UK & It’s Changed EVERYTHING!

Welcome back to Business Craze, today on the channel we are going to talk about PayPal launching its cryptocurrency service in the UK. The U.S. online payments giant said Monday it would let British customers buy, hold and sell digital currencies, starting this week. It marks the first international expansion of PayPal’s crypto product, which first launched in the U.S. in October last year.

“It has been doing really well in the U.S.,” Jose Fernandez da Ponte, PayPal’s general manager for blockchain, crypto and digital currencies, told CNBC. “We expect it’s going to do well in the U.K.” PayPal’s crypto feature lets customers buy or sell bitcoin, bitcoin cash, ethereum or litecoin with as little as £1. Users can also track crypto prices in real-time, and find educational content on the market. Like the U.S. version of the product, PayPal is relying on Paxos, a New York-regulated digital currency company, to enable crypto buying and selling in the U.K. PayPal said it has engaged with relevant U.K. regulators to launch the service. PayPal’s crypto service is similar to one from U.K. fintech firm Revolut. As is the case with Revolut, PayPal users can’t move their crypto holdings outside the app. Revolut recently started testing a feature that lets users withdraw bitcoin to their own personal wallets. Stay tuned to know more about PayPal launching its cryptocurrency service in the UK.

#PayPal #UK #Cryptocurrency

PayPal launches crypto buying and selling in UK

PayPal is launching a new service enabling its users in the UK to buy, hold and sell cryptocurrencies making it one of the largest mainstream financial companies to offer consumers access to cryptocurrencies.

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