PayPal's cryptocurrency service is expanding outside the United States

Electronic payment system PayPal announced the expansion of its cryptocurrency service: if until recently it worked only in the US, then from this week it will start working in the UK. Residents of this island state will be able to buy, store and sell four cryptocurrencies in the amount of £ 1 or more.


PayPal users will be able to make transactions with Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. In October last year, such an opportunity appeared for US residents, and now the cryptocurrency service, in fact, is entering the international arena. “ Things are going really well in the US, ” commented Jose Fernandez da Ponte, general manager of blockchain and cryptocurrencies at PayPal. " We expect things to be fine in the UK as well. "


As in the US, in the UK, cryptocurrency transactions are carried out through the Paxos Trust Co. platform. PayPal said the launch of the service is being carried out in close collaboration with relevant UK regulators.

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