Jose Fernandez da Ponte said that the service is doing very well in the USA, so Britain is not expected to lag behind. PayPal will allow UK customers to buy or sell bitcoins, bitcoin money, ethereum or litecoin from as little as £ 1. Competent British regulators and Paxos, which will allow the purchase and sale of cryptocurrencies in the UK as well as in the US, are also involved in the whole process.

Vice President and General Manager, Blockchain, Crypto and Digital Currencies at PayPal, Jose Fernandez da Ponte said also that: “The pandemic has accelerated digital change and innovation across all aspects of our lives— including the digitisation of money and greater consumer adoption of digital financial services.”

Performance of PayPal Holdings Inc over 5 years. (Source: Investing.com)