PayPal to let UK users buy, hold and sell cryptocurrencies
- Online payment company PayPal is to allow users in the UK to buy, hold and sell cryptocurrencies using its platform this week.
- The service will be available on its app and website, with four cryptocurrencies initially supported: Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
- This comes after the same service launched in the US which was followed by a ‘Checkout with Crypto’ feature enabling users to make purchases with online merchants using cryptocurrency.
- Critics of cryptocurrency have flagged its potential anonymity as a risk for its potential use in cybercrime, trafficking and fraudulent schemes online.
- Full story, here.