First international expansion outside the USA - stock exchanges
First international expansion outside the USA - stock exchanges
PayPal has completed the first international expansion of its cryptocurrency offering outside the USA PayPal Crypto is now available for customers in Great Britain and enables you to buy, hold and sell four types of cryptocurrencies.
PayPal crypto now available for all justified British customers
The PayPal Inc. payment giant announced on Friday that he completed the introduction of his crypto offer in Great Britain began at the end of August, when the company announced the introduction of its crypto service in Great Britain
The official account of PayPal UK tweeted:
We are pleased to be able to tell you that all legitimate customers in Great Britain are now able to buy, hold and sell cryptocurrencies Bitcoin, Ethereum, Bitcoin Cash & Litecoin.
On the company's website, it is stated that the cryptodic service in the United Kingdom of PayPal (Europe) S.à Rl et Cie, SCA, a credit institution that is supervised by the Luxembourg financial supervisory authority commission de Surveillance du Secteur Financier. However, the crypto service is not regulated by any regulatory authority, including the British Financial Conduct Authority (FCA).
PayPal further detailed: "You can buy, sell and hold cryptocurrency via PayPal's cryptocurrency service, but you cannot use it to send cryptocurrency. Purchase and sales of cryptocurrencies are not reversible and cannot be changed." However, the company in May that it is planning, crypto transfers at wallets of third-party plants Allow.
The payment giant found that the start in Great Britain "is the first international expansion of the company's cryptocurrency offering outside the United States".
In March PayPal " then with crypto " Crypto service introduced on his mobile payment service Venmo in April. In July the company announced its plans, expand crypto services, Setting over 100 crypto positions.
In addition, PayPal's risk capital arm has invested in blockchain and crypto startups, including the crypto-risk management company TRM Labs, the provider of crypto control software Taxbit and the institutional crypto infrastructure technology Talos.
What do you think of the introduction of PayPal in Great Britain? Let us know in the comment area below.
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