PayPal will let British customers buy, hold and sell digital currencies, starting this week.
with as little as £1. Users can also track crypto prices in real-time, and find educational content on the market.
Like the U.S. version of the product, PayPal is relying on Paxos, a New York-regulated digital currency company, to enable crypto buying and selling in the U.K. PayPal said it has engaged with relevant U.K. regulators to launch the service. A spokesperson for the Financial Conduct Authority, Britain's financial services watchdog, was not immediately available for comment on the announcement.PayPal's crypto service is similar to one from U.K. fintech firm Revolut. As is the case with Revolut, PayPal users can't move their crypto holdings outside the app. Although Revolut recently startedPayPal says its foray into crypto is about making it easier for people to participate in the market.
The payments processor is one of many large finance companies taking a leap into the mostly unregulated world of cryptocurrencies. Despite ongoing concerns about price volatility, consumer protection and potential money laundering in the industry, major firms including
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
PayPal launches crypto buying and selling in the UKPayPal Holdings Inc will allow customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies starting this week, the company said on Monday.
Weiterlesen »
The 100% Official 'Love Island UK' Phrase BookThe Ick: That feeling of cringey discomfort you get around someone you used to fancy a bit, but now you’re like, gaaaah no.
Weiterlesen »
UK says sanctions over Navalny poisoning send clear message to RussiaBritish foreign minister Dominic Raab said on Friday that new sanctions against Russian intelligence operatives over the poisoning of Kremlin critic Alexei Navalny showed Britain and its partners would hold those responsible to account.
Weiterlesen »
Not giving up: Afghan relatives in UK reach out for helpLONDON (AP) — For people with family members trying to get out of Afghanistan, recent days have brought a frantic mix of fear and frustration. In west London, many relatives are doing what they can: seeking advice and information from the Afghanistan & Central Asian Association.
Weiterlesen »
UK to begin offering COVID antibody testing to general public for first time -mediaThe United Kingdom will begin offering COVID-19 antibody testing to the general public in the coming week for the first time, British media reported on Sunday.
Weiterlesen »
Mariah Carey's alcohol brand dreams 'derailed in UK due to copyright argument'The chart topping singer launched an Irish cream liqueur brand in the past week – but selling the bottles in the UK is going to be a challenge for the star as a brand with the name already exists
Weiterlesen »