PayPal Inc has announced that it will introduce its variety of cryptocurrency products to UK customers within the next few months.
Jonathan Auerbach, executive vice president and chief strategy, growth and data officer at PayPal, revealed the update during the company’s investor day. Auerbach said:
“We plan to expand our crypto offering geographically to the UK in a number of months. We’re actually looking at our crypto services to help position PayPal, to help shape the role of cryptocurrencies and [central bank digital currencies] in consumer payments, commerce and financial services safely and securely. So early days for us here, but we’re moving rapidly.”
PayPal has been planning to expand its cryptocurrency offering services to countries outside the US. Today, the company has revealed an initial concrete sign of near-term priorities.
UK customers will be able to sell, purchase, and hold four crypto assets including Bitcoin, Ether, Litecoin, and Bitcoin Cash….