In the UK you can now buy bitcoins from PayPal

Britons can buy and sell bitcoins with PayPal. The payment processor says that all UK registered customers can now use the services.

The billion dollar company previously launched its services in the United States. Now it is the turn of the British.

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PayPal does everything step by step

Jose Fernandez da Ponte is the head of everything related to bitcoin within PayPal and says that he focuses primarily on compliance. That is, comply with local regulations. Many crypto exchanges struggle with this, but an organization like PayPal has less difficulty with this.

For a company like PayPal, it is extremely important to color within the lines and to do everything according to the rules. “We look forward to continuing to work closely with UK lawmakers and other lawmakers around the world to provide our support and contribution to shaping the role of digital money in the future of our financial system.” da Ponte said.

Therefore, it is in line with the expectation that PayPal will also start offering bitcoin-related services in other countries in Europe in a relatively short time. Nothing is known about the next steps yet, but several routes are expected to have been started.

Vince Fernandez

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