PayPal, who is always looking for ways to find business opportunities. Now they are letting people from the United Kingdom buy digital currency through PayPal by using GBP or EURO instead of US Dollars.
On Sunday, the payments company announced that customers in the UK will be able to buy bitcoins, ethers, litecoins and bitcoin cash. All of this can be bought with the PayPal website and mobile app.
PayPal’s crypto division chief talked about how the “digitization of money” during the pandemic motivated him to start working with crypto.
Our global reach, digital payment expertise, and knowledge of consumers and companies combined with rigorous security and compliance controls provide us with a unique opportunity to help people in the UK discover cryptocurrenciesHe added.
He said that the company is committed to continuing to work closely with regulators in the UK and around the world. His company wants to make cryptocurrency available for people.
UK residents should be happy that they can use PayPal to buy cryptocurrency now. It is important for people in the UK to be able to buy these digital assets, so it will make it easier for them if they can do this within their own country.
PayPal is on the verge of dominating the crypto market in the United Kingdom. PayPal could play a significant role in increasing exposure for digital assets and modernizing the way we make payments by making cryptocurrency-related services available to UK residents.