Expanding into the UK market, the fintech company's service will allow customers to buy as little as £1 of cryptocurrency barring transaction and other fees. PayPal is now planning to allow its UK customers to buy, sell, and hold bitcoins and other cryptocurrencies starting this week, the company announced on August 23. This is the first time that the company is launching this service outside the United States wherein it had introduced the “Checkout with Crypto” feature in March to enable customers in the US to convert their cryptocurrency holdings to other currencies. The launch comes at a time when regulators are more watchful of the rising investments in digital currencies. In June, UK's Financial Control Authority (FCA) which regulates the country's financial industry, had issued an advisory against the British subsidiary of Binance due to its failure to meet anti-money-laundering regulations. More details about the launch As per PayPal's statement, customers can view real-time crypto prices, access educational content, learn more about cryptocurrencies, and can choose from four types of cryptocurrencies - Bitcoin Ethereum Litecoin Bitcoin Cash Trading with PayPal: Customers can buy as little as £1 of cryptocurrency via their account. They can also choose from either a predetermined purchase amount or enter their own purchase amount. Customers will be able to fund their PayPal account for the purchase using their bank account or debit card. If customers choose to sell cryptocurrency with this new service, funds are normally available quickly to spend in their PayPal account. There are…
