American online payments giant PayPal announced on Monday that it will allow its users in the United Kingdom to buy, hold and sell cryptocurrencies for the first time. through the payment platform. Your clients will be able to choose between four types of cryptocurrencies: bitcoin, ether, litecoin and bitcoin Cash.

A new tab will be added to the PayPal platform, showing real-time currency prices and including information about cryptocurrencies, including potential risks, PayPal said. This new service will begin rolling out this week and will be available both through Iapplicationapplication PayPal and website. The online payments giant said it hoped this would help improve understanding of how cryptocurrencies work.

Access to cryptocurrencies

The popularity of cryptocurrencies has skyrocketed in recent years, despite their volatilityvolatility and concerns about its environmental impact. “ There pandemicpandemic has accelerated digital change and innovation in all aspects of our lives, including the digitalization ofmoneymoney and greater consumer adoption of digital financial services said José Fernández da Ponte, vice president and general manager of blockchain, cryptocurrencies and digital currencies at PayPal. He believes PayPal has “ the unique opportunity and responsibility to help people in the UK explore cryptocurrencies “.

“ We are committed to continuing to work closely with regulators in the UK and around the world, to offer our support and contribute significantly to shaping the role that digital currencies will play in the future of global finance and trade. “he added.

In the US, PayPal has launched a similar service, which also allows users to make purchases at participating businesses using cryptocurrency, a feature that has yet to be confirmed for launch in the UK.