PayPal Says Bitcoin Buying in UK Launching Soon

PayPal Says Bitcoin Buying in UK Launching Soon



PayPal president and CEO Dan Schulman has issued new details about the payment giant’s Bitcoin and cryptocurrency services expansion.

As part of the company’s Q2 earnings call Wednesday, Schulman hinted at the possibility of buy and sell functionality becoming available in the U.K. as soon as next month, a development that would find PayPal following through on promises issued as far back as February.

Although the call contained no mention of Bitcoin directly, Schulman said the company is adding functionality to its Venmo crypto services, which if launched in the U.K. could allow thousands to gain Bitcoin price exposure.

CEO Dan Schulman said, “We’re also seeing strong adoption and trading of crypto on Venmo. In this quarter, we expanded the Venmo value proposition to allow merchants and consumers to pay for goods and services and receive buyer and seller protections for commerce transactions.”



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