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Cryptocurrency transactions in PayPal become available to UK citizens


International payment service PayPal has announced that their UK customers are now able to buy, store and sell a range of cryptocurrencies, the company announced on its Twitter page.

"We are pleased to announce that all approved users in the UK can now buy, store and sell cryptocurrencies (Bitcoin, Ethereum, Bitcoin Cash and Litecoin) from their PayPal account," the company said.

PayPal announced plans to introduce such a service in August. This is the first time the company has expanded the service outside of the US. It has been available to customers there since October.

PayPal is the largest international debit electronic payment system. It allows customers to pay bills and purchases and send and receive money transfers.

source: ft.com