U.K. customers will now have the option to purchase one of four cryptocurrencies on PayPal’s platform. The crypto options will be available on both PayPal’s website, as well as the PayPal app, with Bitcoin, Bitcoin Cash, Litecoin, and Ethereum on the menu. The cryptocurrency feature allows U.K. users to buy or sell the accepted cryptos with as little as £1. PayPal customers will also be able to track the cryptocurrency prices in real-time, and educational material on the website relating to these coins and the crypto market will be included.
Recent reports that Amazon Inc. might start accepting crypto payments have stemmed from a vacant job posting listed by the company last week, seeking a “Digital Currency and Blockchain Product Lead.” The financial publication City AM reported on Monday that according to an “insider”, Amazon is planning to accept crypto payments, specifically Bitcoin, by the end of the year, and is also planning to introduce its own digital coin by next year. But Amazon has denied these allegations.
The leading cryptocurrency exchange in the United States, Coinbase, has announced on Thursday that US customers can now purchase cryptos on their platform by using PayPal as a source of funding. This pioneer crypto exchange has been at the helm of the struggle for global crypto adoption and is now paving the way to new avenues yet again with this exciting venture.