PayPal Customers Can Now Buy, Hold, and Sell Cryptocurrency in UK

PayPal customers in the UK will now be able to use the platform to buy, hold and sell cryptocurrency, with investments starting at £1.

But PayPal payments can still not be made in Bitcoin, for example, directly.

Instead, the cryptocurrency will have to be sold for traditional currency and its value then used to make a cash purchase.

PayPal is initially working with Bitcoin, Ethereum, Litecoin and Bitcoin Cash.

But the currencies cannot be sent to friends or family or transferred to or from of any other digital wallet.