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PayPal’s U.K. Customers Can Now Buy, Sell, and Hold Bitcoin

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PayPal has officially rolled out its cryptocurrency services to customers in the United Kingdom, making it the company’s first international expansion.

Global payments giant PayPal disclosed on Friday that its customers in the United Kingdom can now buy, sell, and hold multiple cryptocurrencies, including bitcoin and ether, directly from their accounts.

PayPal’s Crypto Services Now Available For UK Users

“We are delighted to share that all eligible customers in the UK can now buy, hold, and sell #Cryptocurrencies #Bitcoin, #Ethereum, #BitcoinCash & #Litecoin from their PayPal accounts. Look out for it in the PayPal app,” the announcement reads.

Like the U.S. version of its digital asset products, PayPal said it will continue to use New York-licensed crypto company Paxos to facilitate the buying, selling, and holding of the supported assets.

The company’s U.K. customers can buy or sell the aforementioned cryptocurrencies for as low as £1, the company said in a statement last month when it first announced its intentions to expand to Great Britain.

With the offering fully live in the U.K., the region has become the first international expansion of the firm’s cryptocurrency products, which initially launched in the United States in October last year.

Massive Success

Since PayPal flagged off its cryptocurrency services, the company has recorded significant engagement on its platform and has also seen a major increase in revenue.