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PayPal to offer access to all cryptocurrencies in the UK


PayPal Holdings will permit its customers in the UK to buy, sell & hold bitcoin & other cryptocurrencies. The active accounts count somewhere around 403 million globally for this San Jose, California-based company. It is one of the largest financial companies that offer customers access to cryptocurrencies. The company is hoping its foray into a new asset class that would increase the use of virtual coins globally & prepares its network for digital currencies that may be developed by corporations & central banks. This move was initiated when the financial companies started offering their clients, consumers & institutions access to digital currency amid the rising value of cryptocurrency.

Source: Reuters

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