Hallo Indodax members!
Good news comes from a fin-tech multinational company in the United States. Paypal has expanded into the UK to provide Bitcoin, Ethereum, Litecoin, and Bitcoin Cash trading features.
This launch shows a real commitment from Paypal to continue to innovate to meet the needs of users, especially outside the United States. Paypal is one of many major financial companies to jump into the crypto world after JP Morgan and Bank of America did so a few months ago.
The UK turned out to be the first country that PayPal chose to expand its crypto services after their service in the United States last year.
Well, PayPal users in the United Kingdom who PayPal has verified can buy, hold, and sell crypto assets with a minimum purchase of one pound sterling or IDR 19,600. Through a Paypal account, users can see crypto prices in real-time.
Like the American version, PayPal partnered with Paxos Trust Company, a New York-based financial institution and technology company specializing in blockchain systems to serve the trading of crypto in the UK.
While Paypal users in the UK can buy, hold, and sell cryptos, users cannot yet use it to transfer to and from digital wallets. But still, PayPal’s expansion to the UK means that more and more financial companies are already entrusting crypto.
In my opinion, the launch of the PayPal crypto service in the UK is due to the increasing public interest in crypto, especially in developed countries. Since Paypal, Bank of America, and JP Morgan have “moved,” it is not impossible that other financial services can imitate this.
So, what do you think? Is it possible that more and more financial services will provide services like this in the future? How about Indonesia? Will it follow the footsteps of Paypal, which legalized Bitcoin in the UK? Just write your opinion in this comment section. For those of you who have not registered at Indodax, you can visit this link.
