It’s a great development, though Paypal in the UK still doesn’t allow its users to withdraw crypto out to their own personal crypto wallets. While this may allow more and more people to get a taste of crypto trading, letting them withdraw is another experience that people should have. I know that it’s already in the works, and that might mean yet another push for cryptocurrencies since Paypal needs to acquire crypto in order to fund user accounts for crypto withdrawals to be possible.
So that means that for now this is good for people who have the plan to just hold to their digital assets within PayPal. I am sure this will be changed at the right time when maybe PayPal may already have an approval from financial authorities in the UK. Nevertheless, this is already a big good news for UK people who are enamored with cryptocurrency as they now have a good option to buy the digital assets they may love. So far, PayPal has not yet announced this option in my country which is already ripe for cryptocurrency and they can do a good business here most especially if there can already be a seamless movement of assets to real cash and vice versa.
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