PayPal announces that users in the UK will be able to run cryptocurrencies – News

PayPal said on Monday, the 23rd, that it would allow users in the UK to buy, hold and sell cryptocurrencies on its platform. The announcement marks the first international expansion of the service available in the United States since October last year. According to a report, customers can operate on four different cryptocurrencies: Bitcoin, Ethereum, Litcoin and Bitcoin Money. The website and mobile app will display prices for each and will contain educational content on the risks and opportunities in this market.

“We are committed to continuing to work with regulators in the UK and around the world – and will play a significant role in shaping the role of digital currencies in the future of global finance and trade,” said Jose Fernandes da Ponte, vice president and manager of blockchain, crypto and digital currencies.

This news helped to increase cryptocurrency quotes today. At 8:23 a.m., EDT Bitcoin was up 3.19% at $ 50,285 for the month of August, well above $ 50,000 for the first time in three months. Ethereum increased 5.58% to US $ 3,332.99.