PayPal's bitcoin transaction services are now fully available in the UK, after the global payments giant began rolling out the services last month.
PayPal officially announced on Friday that all eligible customers in the UK can now buy, hold and sell cryptocurrencies using their PayPal accounts.
Customers can trade four major cryptocurrencies: Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). As previously announced, cryptocurrency trading will only be available to PayPal customers with verified identities.
PayPal announced plans to enter the UK cryptocurrency market in late August, immediately proceeding with a partial launch of its cryptocurrency trading services. The move marks the first expansion of PayPal's cryptocurrency services outside the United States.
PayPal's entry into the local cryptocurrency market comes at a time when some banks in the UK are cutting off payment channels for exchanges. In August, banking giant HSBC said it was suspending credit card payments to Binance, citing "concerns about possible risks" to its customers. Other banks, such as Barclays and NatWest bank, have previously blocked transactions to Binance.PayPal officially announced on Friday that all eligible customers in the UK can now buy, hold and sell cryptocurrencies using their PayPal accounts.
