{"id":470128,"date":"2021-08-25T16:23:09","date_gmt":"2021-08-25T16:23:09","guid":{"rendered":"https:\/\/ktsl888.com\/?p=470128"},"modified":"2021-08-25T16:23:09","modified_gmt":"2021-08-25T16:23:09","slug":"paypal-facilitate-uk-with-cryptocurrency","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/paypal-facilitate-uk-with-cryptocurrency\/","title":{"rendered":"PayPal To Facilitate UK Customers With Cryptocurrency Trading Feature"},"content":{"rendered":"<p>PayPal users with accredited identities will start accessing cryptocurrency trading soon. However, cryptocurrency transactions for its business account are not supported yet.<\/p>\n<p>Starting from this week, U.K residents will have initial access to buying, holding, and selling cryptos via PayPal. This development will make a remarkable milestone for a firm that started providing digital asset services within one year.<\/p>\n<p>PayPal is an American multinational financial technology company that operates an online payments system. It\u2019s a global payment provider with services accessed in most countries that support online money transfers.<\/p>\n<p>PayPal serves as an electronic alternative to traditional payment methods such as checks and money orders.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/ktsl888.com\/news\/investors-declining-liquidate-cryptocurrency\/\">37% Of U.S. Investors Decline To Liquidate Cryptocurrency Assets in Bearish Situations<\/a><\/strong><\/em><\/p>\n<p>On Sunday, the popular payment provider declared its intent to allow U.K customers access to cryptos. The cryptos are Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and Bitcoin (BTC). Of course, you can always access them via mobile app or website.<\/p>\n<p>The Sunday announcement marked PayPal&#8217;s first expansion of crypto services outside the U.S and was initially launched last year November.<\/p>\n<h2>PayPal Aims To Boost Cryptocurrency Exposure In U.K.<\/h2>\n<p>Jose Fernandez da Ponte cited money digitization during COVID-19 as one of the main motivations for embracing crypto. Jose Fernandez is a high-ranked executive for PayPal\u2019s cryptocurrency division. He added that;<\/p>\n<blockquote><p>\u201cOur expertise on global digital payments provides us with the opportunity and responsibility of helping U.K. residents to explore cryptocurrency. This adds to our businesses and consumers knowledge combined with various security and compliance controls.\u201d<\/p><\/blockquote>\n<p>By making its crypto services available to U.K. residents, the online payment giant plays a role in increasing the country\u2019s cryptocurrency exposure.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-470129 aligncenter\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/08\/TOTAL_2021-08-25_21-10-26.png?resize=860%2C511\" alt=\"PayPal To Facilitate UK Customers With Cryptocurrency Trading Feature\" width=\"860\" height=\"511\"><\/p>\n<pre style=\"text-align: center\">After a sudden pullback, the market is back on bullish track | <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=CRYPTOCAP%3ATOTAL\" target=\"_blank\" rel=\"nofollow\">Source: Crypto Total Market Cap on TradingView.com<\/a><\/pre>\n<p>According to reports, the payment giant has the highest penetration among other European countries in U.K.with over 2 million active users monthly.<\/p>\n<p>Rumors on PayPal\u2019s crypto expansion proposal have been in circulation since the past month after Dan Schulman\u2019s speech. Dan Schulman\u2019s CEO had earlier informed investors on the soon coming PayPal services to the U.K. residents.<\/p>\n<p>Reports further show that PayPal&#8217;s eye development in Defi is a precursor to integration plans in the future. The Financial Conduct Authority (FCA) on regulation in the U.K. goes down on some crypto exchanges. These are exchanges that have not met their registration demands.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/ktsl888.com\/news\/facebook-claim-novi-received-approval\/\">Facebook Officials Claim Novi Received Approval From Major U.S. States<\/a><\/strong><\/em><\/p>\n<p>For example, FCA shuttered the operations of Binance U.K. after warning them against providing regulated trading activity in the country this summer.<\/p>\n<p>PayPal\u2019s da Pote Jose gave assurance that his company will keep working with U.K. regulators and others to roll out its cryptocurrency services.<\/p>\n<pre style=\"text-align: center\">Featured image from Pixabay, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>PayPal users with accredited identities will start accessing cryptocurrency trading soon. However, cryptocurrency transactions for its business account are not supported yet. Starting from this week, U.K residents will have initial access to buying, holding, and selling cryptos via PayPal. This development will make a remarkable milestone for a firm that started providing digital asset services within one year. PayPal is an American multinational financial technology company that operates an online payments system. It\u2019s a global payment provider with services accessed in most countries that support online money transfers. PayPal serves as an electronic alternative to traditional payment methods such as checks and money orders. Related Reading | 37% Of U.S. Investors Decline To Liquidate Cryptocurrency Assets in Bearish Situations On Sunday, the popular payment provider declared its intent to allow U.K customers access to cryptos. The cryptos are Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and Bitcoin (BTC). Of course, you can always access them via mobile app or website. The Sunday announcement marked PayPal&#8217;s first expansion of crypto services outside the U.S and was initially launched last year November. PayPal Aims To Boost Cryptocurrency Exposure In U.K. Jose Fernandez da Ponte cited money digitization during COVID-19 as one of the main motivations for embracing crypto. Jose Fernandez is a high-ranked executive for PayPal\u2019s cryptocurrency division. He added that; \u201cOur expertise on global digital payments provides us with the opportunity and responsibility of helping U.K. residents to explore cryptocurrency. This adds to our businesses and consumers knowledge combined with various security and compliance controls.\u201d By making its crypto services available to U.K. residents, the online payment giant plays a role in increasing the country\u2019s cryptocurrency exposure. After a sudden pullback, the market is back on bullish track | Source: Crypto Total Market Cap on TradingView.com According to reports, the payment giant has the highest penetration among other European countries in U.K.with over 2 million active users monthly. Rumors on PayPal\u2019s crypto expansion proposal have been in circulation since the past month after Dan Schulman\u2019s speech. Dan Schulman\u2019s CEO had earlier informed investors on the soon coming PayPal services to the U.K. residents. Reports further show that PayPal&#8217;s eye development in Defi is a precursor to integration plans in the future. The Financial Conduct Authority (FCA) on regulation in the U.K. goes down on some crypto exchanges. These are exchanges that have not met their registration demands. Related Reading |\u00a0Facebook Officials Claim Novi Received Approval From Major U.S. States For example, FCA shuttered the operations of Binance U.K. after warning them against providing regulated trading activity in the country this summer. PayPal\u2019s da Pote Jose gave assurance that his company will keep working with U.K. regulators and others to roll out its cryptocurrency services. Featured image from Pixabay, chart from TradingView.com<\/p>\n","protected":false},"author":544,"featured_media":470130,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1558,13354,54512,84125,13785,3378,14894],"class_list":["post-470128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cryptocurrency","tag-dan-schulman","tag-defi","tag-european","tag-financial-conduct-authority","tag-paypal","tag-u-k"],"acf":[],"yoast_head":"\n<title>PayPal To Facilitate UK Customers With Cryptocurrency Trading Feature<\/title>\n<meta name=\"description\" content=\"PayPal users with accredited identities will start accessing cryptocurrency trading soon. 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