Today PayPal announced it is extending cryptocurrency support to the UK for buying, selling and holding the assets, with the rollout starting this week. It does not yet support using cryptocurrency for UK retail payments, which it launched in the U.S. in March.
For now, the offering supports Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
Alongside the launch is a series of educational resources on the topic that includes warnings about price volatility. “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,” said Jose Fernandez da Ponte, VP and General Manager, Blockchain, Crypto and Digital Currencies at PayPal.
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