PayPal Holdings will allow you to buy, sell and hold bitcoins and other cryptocurrencies From this week to its clients in the United Kingdom, it announced the company.
The launch, which marks the first international expansion of cryptocurrency services from PayPal Outside of the United States, it could inspire more widespread adoption of the new asset class.
With more than 403 million active accounts worldwide, the San Jose, California-based company is one of the leading financial firms offering consumers access to cryptocurrencies.
PayPal launched the buying and selling cryptocurrencies in the United States earlier this year, which then allowed customers to use their digital currency holdings to shop at the millions of merchants on its network.
The company hoped that its foray into the new asset class would encourage the global use of virtual currencies and prepare its network for the new digital currencies that corporations and central banks could develop.
“We are committed to continuing to work closely with regulators in the UK and around the world, to offer our support and contribute significantly to shaping the role that the regulatory agencies will play. digital currencies in the future of global finance and commerce, “the firm said.