Paypal Completes Rollout of Crypto Offering in UK

Paypal Crypto Now Available to All Eligible UK Customers

Payments giant Paypal Inc. announced Friday that it has completed the rollout of its crypto offering in the U.K. The rollout began in late August when the company announced the launch of its crypto service in the U.K.

The official account of Paypal U.K. tweeted:

We are delighted to share that all eligible customers in the UK can now buy, hold and sell cryptocurrencies bitcoin, ethereum, bitcoin cash & litecoin from their Paypal account.

In March, Paypal announced “Checkout with Crypto” and then rolled out crypto service on its mobile payment service Venmo in April. In July, the company unveiled its plans to expand crypto services, hiring over 100 crypto positions.

In addition, Paypal’s venture capital arm has made investments in blockchain and crypto startups, including crypto risk management firm TRM Labs, crypto tax software provider TaxBit, and institutional-grade crypto infrastructure technology Talos.

Written by Alex

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