PayPal and Cryptos

PayPal is San Jose, California-based company, having 403 million accounts. It is a prominent financial company that enables access to cryptocurrencies to consumers. It launched crypto business of buying and selling in the US at the beginning of 2021. It has rolled out cryptocurrencies to the UK in August 2021. It will facilitate other mainstream players’ adoption of cryptos. This will pave the way for a network for digital currencies. They will comply with the regulators in the UK and other parts of the world. PayPal is now in competition with other crypto exchanges and fintech start ups such as Revolut.

Customers will be able to buy Ether, Bitcoin, Litecoin and Bitcoin cash using PayPal wallets online or on mobile app.

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