{"id":11091,"date":"2021-08-24T09:03:11","date_gmt":"2021-08-24T13:03:11","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=11091"},"modified":"2021-08-25T08:50:26","modified_gmt":"2021-08-25T12:50:26","slug":"u-k-paypal-customers-cannot-pay-directly-with-bitcoin","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/u-k-paypal-customers-cannot-pay-directly-with-bitcoin\/","title":{"rendered":"U.K. PayPal Customers Cannot Pay Directly With Bitcoin"},"content":{"rendered":"\n<p>U.K. PayPal customers will now be able to use the platform to buy, hold and sell cryptocurrencies.<\/p>\n\n\n\n<p>Customers will still be unable to pay directly with Bitcoin.<\/p>\n\n\n\n<p>Instead, the cryptocurrency must be exchanged for traditional currency and its value used for a cash transaction.<\/p>\n\n\n\n<p>PayPal is partnering initially with Bitcoin, Ethereum, Litecoin and Bitcoin Cash. However, the currencies cannot be sent to friends or family or transferred to or from another digital wallet.<\/p>\n\n\n\n<p>PayPal introduced its cryptocurrency service in the U.S. in October to make it more accessible to a wider audience, but its value remains volatile and unregulated, meaning that when something goes wrong, no regulator protects it.<\/p>\n\n\n\n<p>Users can buy or sell cryptocurrencies up to:<\/p>\n\n\n<ul>\n<li>\u00a315,000 per transaction<\/li>\n<li>\u00a335,000 per year<\/li>\n<\/ul>\n\n\n<p>U.K. regulators have become increasingly suspicious of cryptocurrencies in recent months, with the Financial Conduct Authority banning Binance, the world&#8217;s biggest cryptocurrency exchange, from doing any &#8220;regulated activity&#8221; in the U.K. in June.<\/p>\n\n\n\n<p>But on Monday, PayPal chief executive Dan Schulman told the Financial Times: &#8220;I do believe that governments, central banks are understanding that the world is moving towards digital payments, that you cannot manage monetary policy through the issuance of banknotes.&#8221;<\/p>\n\n\n\n<p>PayPal plans to expand its cryptocurrency service to other international territories in the near future.<\/p>\n\n\n<p>For more information, read the <a href=\"https:\/\/www.bbc.com\/news\/technology-58277631\" target=\"_blank\" rel=\"noopener\">original story<\/a> in the BBC.<\/p>","protected":false},"excerpt":{"rendered":"<p>U.K. PayPal customers will now be able to use the platform to buy, hold and sell cryptocurrencies.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[124],"class_list":["post-11091","post","type-post","status-publish","format-standard","hentry","category-todays-news","tag-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/11091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=11091"}],"version-history":[{"count":3,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/11091\/revisions"}],"predecessor-version":[{"id":11122,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/11091\/revisions\/11122"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=11091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=11091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=11091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}