PayPal allows transactions with Bitcoin and other cryptocurrencies

PayPal Collectibles will allow you to buy, sell and keep Bitcoin and other cryptocurrencies From this week to its UK customers, the company announced.

The launch, which marks the first international expansion of cryptocurrency services from PayPal Outside the US, it could inspire widespread adoption of the new asset class.

With over 403 million active accounts worldwide, the San Jose, California-based company is one of the leading financial firms offering clients access to Cryptocurrency.

PayPal Release Buy and sell cryptocurrency in the US earlier this year, which then allowed customers to use their crypto holdings to shop at millions of merchants on its network.

The company had hoped that its entry into the new asset class would encourage global use of Virtual currencies and preparing its network of new digital currencies that companies and central banks can develop.

“We are committed to continuing to work closely with regulators in the UK and around the world, to provide our support and contribute significantly to shaping the role that regulators will play. Cryptocurrency into the future of global finance and trade.

ANR

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