• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

Digital Market

seeing people behind the digits

  • About
  • Blockchain and Fintech Events
  • Tech Jobs
  • Domain Names
  • Reports
    • Technology
    • Venture Capital
  • Sponsored Post
    • Make a Contribution
  • Contact

PayPal Launches the Ability to Buy, Hold and Sell Cryptocurrency in the UK

August 23, 2021 By admin

LONDON – PayPal (NASDAQ: PYPL) today announced the launch of a new service enabling its customers in the UK1 to buy, hold and sell cryptocurrency with PayPal. This new service starts rolling out this week.

Enables access to cryptocurrency for consumers in a secure and responsible way
Encourages customers to research and learn about the opportunities and risks in cryptocurrency before transacting
Marks first international expansion of PayPal’s cryptocurrency service beyond the U.S.

Customers can choose from four types of cryptocurrencies—Bitcoin, Ethereum, Litecoin and Bitcoin Cash. By accessing their PayPal account via the website or the mobile app, they can view real-time crypto prices, access educational content to help answer commonly asked questions, and learn more about cryptocurrencies, including the opportunities and risks.

This announcement marks the first international expansion of the company’s cryptocurrency offering outside of the United States. With a trusted brand like PayPal now making an entry, access, knowledge, and the exploration of cryptocurrency has the potential to become mainstream in the UK.

“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,” said Jose Fernandez da Ponte, Vice President and General Manager, Blockchain, Crypto and Digital Currencies at PayPal. “Our global reach, digital payments expertise, and knowledge of consumer and businesses, combined with rigorous security and compliance controls provides us the unique opportunity, and the responsibility, to help people in the UK to explore cryptocurrency. We are committed to continue working closely with regulators in the UK, and around the world, to offer our support—and meaningfully contribute to shaping the role digital currencies will play in the future of global finance and commerce.”

Buy, hold and sell cryptocurrency with PayPal
The introduction of this service offers customers a new way to explore cryptocurrency in the PayPal environment they know and trust. Customers can start by buying as little as £1 of cryptocurrency through PayPal. To purchase cryptocurrency, eligible customers can log into their PayPal account via the website or their mobile app, navigate to the new crypto tab to view the four cryptocurrencies available and view current pricing and trends.

Customers can choose from pre-determined purchase amounts or enter in their own purchase amount, before following the prompts to buy the cryptocurrency of their choice. Customers will be able to fund their PayPal account for the purchase using their bank account or debit card. If customers choose to sell cryptocurrency with this new service, funds are normally available quickly to spend in their PayPal account. There are no fees to hold cryptocurrency in a PayPal account. There are transaction fees and currency conversion fees for buying and selling applicable cryptocurrencies.

Create greater understanding and enable access
As part of this offering, PayPal provides account holders with educational content to help them understand the cryptocurrency ecosystem, the volatility, risks, and opportunities related to purchasing cryptocurrency. The company encourages its customers to do their research on the risks and opportunities for various cryptocurrencies before taking the step to buy, hold and sell cryptocurrency with PayPal.

Advancing the next generation of financial services infrastructure
PayPal is one of the largest companies globally to enter the market for digital currencies with its announcement last October that it would allow its millions of U.S. customers to buy, hold and sell cryptocurrencies. This March, the company announced ‘Checkout with Crypto’— enabling customers in the U.S. to use their cryptocurrency alongside other payment methods in their PayPal wallet to make purchases at businesses around the world. In April, the company introduced crypto services on its mobile payment service Venmo in the U.S.

In addition to providing these cryptocurrency services, PayPal has been exploring the potential of digital currencies through partnerships with licensed and regulated cryptocurrency platforms and with central banks around the world. For the past five years, PayPal has increased its focus on, and invested resources in its internal blockchain research team to explore the next generation of digital financial services infrastructure and enhancements to digital commerce.

The company has enabled its cryptocurrency offering through a partnership with Paxos Trust Company. PayPal’s venture capital arm has also made investments in blockchain and cryptocurrency-related start-ups including: TRM Labs, leading cryptocurrency risk management software; TaxBit, a provider of crypto tax software to customers and exchanges; and Talos, institutional-grade infrastructure technology for digital asset trading.

In the UK, PayPal’s new crypto offering which covers buying, holding and selling cryptocurrency will start to roll out this week and will be available within the next few weeks for all eligible customers directly in their PayPal account via the website and their mobile app. To learn more, visit our Newsroom or www.paypal.com/uk/crypto.

About PayPal
PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering more than 400 million consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit www.paypal.com/uk.

1PayPal customers in the UK who have verified their identity with PayPal can buy, sell, and hold cryptocurrency with their personal PayPal profiles. Cryptocurrency transactions aren’t supported for PayPal business accounts.

This announcement contains “forward-looking” statements. Forward-looking statements and information relate to future events and future performance and reflect, among other things, PayPal’s plans with respect to its cryptocurrency initiatives. Forward looking statements may be identified by words such as “seek”, “believe”, “plan”, “estimate”, “anticipate”, “expect”, “project”, “forecast”, or intend”, and statements that an event or result “may”” “will”, “should”, “could”, or “might” occur or be achieved and any other similar expressions.

Forward-looking statements involve risks and uncertainties which may cause actual results to differ materially from the statements made.

The forward-looking statements contained in this announcement speak only as of the date hereof. PayPal expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

SOURCE PayPal Holdings, Inc.
http://www.paypal.com

Filed Under: News Tagged With: cryptocurrency

Primary Sidebar

App Coding

Building Scalable Mobile Apps: Tips and Techniques
Building High-Performance and Secure Mobile Apps with Rust: A Guide to Rust App Coding for Mobile Development
Building an App Without Coding Knowledge: A Guide to Non-Technical App Development
Join Our Team as an App Coder - Build Cutting-Edge Applications
What are implications of rewarding developers basing on number of lines of code?
Rust for Mobile Apps
Maximizing Your Coding Skills with ChatGPT: A Guide

API Coding

Exploring the Benefits of Microservices Architecture and API Gateways
Creating an API that generates a description of an image using ChatGPT
API and Microservices: The Building Blocks of Modern Software Architecture
How to re-write a legacy API
API Startups: Driving Innovation and Disrupting Industries
Quantitative Analysis Criteria for Assessing API Performance and Quality
API governance is essential for ensuring the secure and reliable use of APIs

Secondary Sidebar

Blockchaining

Creating a Unique and Valuable Non-Fungible Token (NFT): A Step-by-Step Guide
Blockchain topics to be covered at DLD 2023
What is a blockchain domain?
What is NFT?
Building a Decentralized VPN Using Blockchain Technology

Marketing Development

How influencers are storytellers using their stories to attract and move people
Roku and Best Buy teaming up for better TV experience and advertising opportunities
What factors favor creation of the most valuable brands
Developing an Effective Marketing Budget and Allocating Resources
How to create influencer marketing network

Footer

Recent Posts

  • Unveiling Calendarial.com: Your Premier Event Management Solution!
  • ZGM.org: Crafting the Digital Zeitgeist
  • Exploring the Future of Cities: ZGM to attend the Smart City Expo World Congress 2023
  • Design Brief: jQuery-Powered SQLite Database CMS
  • Business Plan for Newspaperdom.com
  • Business Plan for Technography.org
  • Digital Side Hustle Haven: Your Gateway to Innovative Virtual Creations
  • Pixels Unbound: The Enchanted Marketplace of PXEF.com
  • Embrace Entrepreneurship: Launch Your Event Listing Side Gig with Flair!
  • 15 Lucrative Digital Side Hustles to Boost Your Income

Media Instances

Media instances in gaming
The Norse god Baldr was killed by a spear made of what?
AfroNouveau as Art Nouveau with African influences
How to block spam calls
Urban Reverie: Navigating Life’s Chaos and Calm

S3H

Securing the Future: The Importance of Strong Cybersecurity
How AI is Revolutionizing the Healthcare Industry
Designing a database schema for brand ratings
Embracing Disruptive Innovation: The Key to a Better Future
Scrum: A Framework for Agile Development

VPNW

The Role of VPNs in Upholding Democracy
Will the RESTRICT Act Impact VPN Usage?
The technical aspects of VPN encryption and security protocols
The rise of mobile VPNs and their implications for mobile security
The impact of VPNs on network performance and latency

Pixel Effects

Figurine of the God Bes
How masculine defaults permeate the workplace
AI bias bounty competition
65 Percent of Paycheck-to-Paycheck Consumers Experienced a Financially Stressful Event in the Past Three Years
Beach Volleyball

Copyright © 2022 DigitalMarket.org

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT