PayPal to allow UK users to buy and sell cryptocurrency for first time

The payment giant said it hoped that the move to embrace the currency would help improve knowledge and understanding of it.

PayPal is to allow users in the UK to buy, hold and sell cryptocurrency through the payment platform for the first time. Picture: David Parry/PA

PayPal is to allow users in the UK to buy, hold and sell cryptocurrency through the payment platform for the first time.

The firm said its new service would allow customers to choose from four types of cryptocurrency: Bitcoin, Ethereum, Litecoin and Bitcoin Cash and will be available both via the PayPal app and website.