The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
All Alt Coin

PayPal’s Crypto Trading Services Now Available to UK Customers

by Miki 08/25/2021
by Miki 08/25/2021 0 comment

After successful registration with UK’s top financial regulator, PayPal is all set to offer crypto trading facilities to its UK customers.

Today, on August 23, financial giant PayPal Holdings Inc (NYSE: PYPL) announced that it expanding the scope of its crypto trading services outside America, and now in Britain. Meaning all UK-based customers of PayPal can buy, hold, and sell digital currencies starting this week.

As said, this is also the first international expansion from PayPal. Last year in October 2021, PayPal launched its crypto trading service for the first time in the US. Customers in the UK can access PayPal’s crypto trading service on both – the website and trading app.

This service shall be initially limited only to four cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Interestingly, the decision comes as British regulators have stepped up their crypto regulatory measures. But the recent move comes after PayPal managed to secure the Financial Conduct Authority registration earlier this month.

Jose Fernandez da Ponte, vice president and general manager for blockchain, crypto, and digital currencies at PayPal, added that this new service will bring more people closer to cryptocurrencies. He said:

“Our global reach, digital payments expertise, and knowledge of consumer and businesses, combined with rigorous security and compliance controls provides us the unique opportunity, and the responsibility, to help people in the UK to explore cryptocurrency.

We are committed to continue working closely with regulators in the UK, and around the world, to offer our support and meaningfully contribute to shaping the role digital currencies will play in the future of global finance and commerce.”

PayPal Facilities Offered to UK Customers

It’s been almost 10 months that PayPal has been offering its crypto trading services to clients. PayPal charges its clients for transactions and currency conversion. However, it doesn’t charge the clients for HODLing the digital assets.

Currently, in the US, PayPal charges 50 cents for any transactions under $25. These charges go up to 1.5% of the transaction value for purchases above $1,000. For now, PayPal customers can’t send their cryptos to other wallets. They can only spend on purchases made through the app. However, PayPal has vouched to change the structure going ahead.

With 2 million active monthly users, the UK proves to be a good destination for PayPal. It is not clear whether if PayPal will allow UK customers to make crypto payments to merchants. PayPal is confident that it will address concerns regarding the volatility of digital assets.

All the settlements at the merchant’s end will happen in fiat cash. Thus, merchants don’t need to take the risk of price volatility to themselves. Just like the US, PayPal will rely on Paxos, a New York-regulated crypto firm.

PayPal is also looking to expand its services in other regions of Europe. The company is looking to expand its operations in Ireland. Besides, apart from just crypto trading, PayPal is looking to step into the decentralized finance (DeFi) market.

next Altcoin News, , Cryptocurrency news, Editor’s Choice, News

Thank you!

You have successfully joined our subscriber list.

Source link

Views: 1
CryptocustomersPayPalsServicesTrading
Share
0
FacebookTwitterPinterestEmail
previous post
Bitcoin Inflows to Exchanges on the Rise, Which Could Signal a Bearish Momentum
next post
Cardano Foundation announces Coinfirm partnership to ‘enhance security of crypto’

Related Posts

Are Solana’s bulls really strong enough to halt...

12/29/2021

IXFI Announces Launch of New-Age Exchange Platform

12/29/2021

Litecoin repeating history will have this effect on...

12/28/2021

More than just a game – what GameFi...

12/28/2021

Even as network hits one million users, FTT...

12/28/2021

Fintech Expert Makes Six Bold Predictions for Crypto...

12/28/2021

A recovery rally in play for Sushiswap, as...

12/28/2021

SEC Accused of Deliberately Trying to ‘Kill’ XRP...

12/28/2021

Recent gains may finally boost Aave’s dominance in...

12/28/2021

Santa Floki Price Rallies 5,000% after Elon Musk’s...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG – Blockchain Bitcoin News

  • Why Seasoned Corporate Attorney James Filan Is Telling XRP Investors Not To Expect Settlement In Ripple Lawsuit ⋆ TCNW

  • Dogecoin Slips Below $0.30 As Bitcoin Fails To Settle Above $50,000

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$29,375.000.27%
  • ethereumEthereum(ETH)$1,972.230.35%
  • tetherTether(USDT)$1.000.19%
  • usd-coinUSD Coin(USDC)$1.000.26%
  • binancecoinBNB(BNB)$315.293.97%
  • rippleXRP(XRP)$0.411777-0.01%
  • Binance USDBinance USD(BUSD)$1.000.13%
  • cardanoCardano(ADA)$0.530.22%
  • SolanaSolana(SOL)$50.070.18%
  • dogecoinDogecoin(DOGE)$0.084813-0.04%
  • polkadotPolkadot(DOT)$10.093.60%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$29,359.000.24%
  • Lido Staked EtherLido Staked Ether(STETH)$1,922.67-0.59%
  • AvalancheAvalanche(AVAX)$29.480.93%
  • tronTRON(TRX)$0.0739833.19%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • Shiba InuShiba Inu(SHIB)$0.0000120.64%
  • daiDai(DAI)$1.000.16%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • litecoinLitecoin(LTC)$69.640.45%
  • CronosCronos(CRO)$0.1882241.35%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$4.900.08%
  • matic-networkPolygon(MATIC)$0.640.86%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.024.63%
  • FTX TokenFTX Token(FTT)$30.030.77%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$191.49-0.75%
  • RareRare(RARE)$0.0461220.00%
  • stellarStellar(XLM)$0.1311883.56%