PayPal to Start Offering Access to Cryptos to its UK Customers

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PayPal has just announced it intends to start offering access to cryptocurrencies to its British customers.

This could happen as early as next month.

Fintech company PayPal has just announced it intends to start offering access to cryptocurrencies to its UK customers, its CEO Dan Schulman has said during a conference call following the presentation of its Q2 2021 results.

In particular, he has said:

“Yeah, well, we continue to be really pleased with the momentum we’re seeing on crypto. We’re going to launch, hopefully, maybe even next month in the UK, open up trading there.”

The company started in November last year to allow its customers to buy, sell and store cryptocurrencies, and in March 2021, also pay with these their purchases in partner stores.

In addition, in May it announced it would allow its users to withdraw digital assets to third-party wallets, and in June it reported the crypto purchase limit for US customers was increasing from $20,000 to $100,000 per week.