• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, June 14, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

Paypal completes its cryptocurrency offering rollout in United Kingdom.

by Shambhavi Soni
September 20, 2021
in Crypto, News, Trending, World
Reading Time: 2 mins read
0
credits- cryptopotato
TwitterWhatsappLinkedin

Outside of the United States, Paypal has completed the first worldwide extension of its cryptocurrency offering. Customers in the United Kingdom can now use Paypal Crypto to buy, hold, and sell four different cryptocurrencies.

You might also like

June crypto boom is coming! Pi, XRP, SOL are trending strongly—OPTO Miner cloud mining will reach a new high

Android 16 Rolls Out With New Features for Pixel Phones and Beyond

Nippon Steel Asserts Need for ‘Management Freedom’ in U.S. Steel Takeover

credits- cryptopotato

All Eligible UK Customers Can Now Use Paypal Crypto

Paypal Inc., the world’s largest payments company, stated on Friday that it has finished the deployment of its cryptocurrency offering in the United Kingdom. The corporation announced the introduction of its crypto service in the United Kingdom in late August, which kicked off the deployment.

We are thrilled to report that all qualified clients in the UK can now buy, hold, and trade cryptocurrencies. Which will include bitcoin, ethereum, bitcoin cash, and litecoin using their Paypal account, according to the official account of Paypal U.K.

Paypal (Europe) S.à r.l. et Cie, S.C.A., a credit institution supervised by Luxembourg’s financial authority, Commission de Surveillance du Secteur Financier, provides the crypto service in the United Kingdom, according to the company’s website, however, no regulators, including the Financial Conduct Authority in the United Kingdom, regulating the crypto service (FCA).

“You can purchase, trade, and keep cryptocurrencies through Paypal’s cryptocurrency service, but you can’t use it to send cryptocurrency,” Paypal continued. Cryptocurrency purchases and transactions are irreversible and cannot be changed”. However, in May, the firm announced that it will accept cryptocurrency transfers to third-party wallets.

The debut in the United Kingdom, however, “marks the first worldwide extension of the company’s cryptocurrency offering outside of the United States,” according to the payments giant.

Paypal has over 400 million users

Paypal started in October of last year that it would establish a crypto service in the United States. Which will allow “its millions of U.S. users to purchase, store, and sell cryptocurrencies”. Paypal claims that its platform has over 400 million consumers and businesses in over 200 countries. The company’s cryptocurrency offering is now possible by a collaboration with Paxos Trust Company. A New York-based financial institution and blockchain technology firm.

Paypal introduced “Checkout with Crypto” in March, and then in April, it added crypto to its mobile payment service Venmo. The corporation announced its plans to expand its crypto services in July, announcing the hiring of over 100 crypto professionals.

Paypal’s venture capital arm has also invested in blockchain and crypto firms. Such as TRM Labs, TaxBit, and Talos, which provides institutional-grade crypto infrastructure.

What are your thoughts on Paypal’s UK launch? Please share your thoughts in the box below.

 

Tweet54SendShare15
Previous Post

GameFi project is set to revolutionize Crypto gaming

Next Post

German regulator approves the first Bitcoin-based security token offering.

Shambhavi Soni

Recommended For You

June crypto boom is coming! Pi, XRP, SOL are trending strongly—OPTO Miner cloud mining will reach a new high

by Techstory
June 14, 2025
0
June crypto boom is coming! Pi, XRP, SOL are trending strongly—OPTO Miner cloud mining will reach a new high

OPTO Miner, a well-known cloud mining platform in the UK, has officially launched a new mobile app, bringing a more convenient and efficient mining experience to users! Through...

Read more

Android 16 Rolls Out With New Features for Pixel Phones and Beyond

by Anochie Esther
June 14, 2025
0
Android 16

Google has officially launched Android 16, the latest iteration of its mobile operating system. As expected, the update is rolling out first to Pixel devices, with wider availability...

Read more

Nippon Steel Asserts Need for ‘Management Freedom’ in U.S. Steel Takeover

by Anochie Esther
June 14, 2025
0
Nippon Steel

Shares of U.S. Steel dropped by 4% after a Nippon Steel executive told Japan’s Nikkei newspaper that the company's planned $14.9 billion acquisition of U.S. Steel hinges on...

Read more
Next Post
Credits- bitcoin news

German regulator approves the first Bitcoin-based security token offering.

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?