PayPal to allow UK customers to buy, hold and sell cryptocurrency

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PayPal will allow users in the UK to buy, hold and sell cryptocurrencies. The service will launch on the company’s website and will be limited to just four cryptocurrencies – Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Jose Fernandez da Ponte, vice president and general manager for crypto and digital currencies at PayPal, says that the new service can help introduce more people to cryptocurrency. He said: “The pandemic has accelerated digital change and innovation across all aspects of our lives, including the digitisation of money and greater consumer adoption of digital financial services….

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