March 28, 2024

PauPal launched cryptocurrency operations in Belgium

Payment service Paupal has launched crypto services in the UK. Within seven days the company will allow userscountries to buy, sell and store cryptocurrencies.

Belgium is the first international market, onwhich PauPal expanded its crypts after launching them in the USA in October last year. Like US users, PauPal customers from Belgium will be able to operate four cryptocurrencies: Bitcoin (BTC), Ether (ETH), Litecoin (BCH) and Bitcoin Cash.

Company creditor in the british marketThe company is Paxos, which acts as a market maker and storage operator. For the current moment, PauPal does not allow the output of media to external wallets, but it studies this functionality.

PauPal users can start investing inCryptocurrency only c £ 1 or $ 1, but there are restrictions on the maximum amount of investments. The representative of the company in Great Britain has advised that users here cannot buy cryptocurrency for an amount of more than £ 15,000 per week. According to them, the maximum amount for purchases within 12 months is £ 35,000, for the US market the weekly limit for the purchase of a cryptocurrency above is $ 100,000.

The PauPal Venmo billing application also allows users to buy, sell and store cryptocurrency in the United States, but this service is not available for the customer.

Unfortunately, unlike Square and Robinhood, PauPal does not provide information on the volume of trading in cryptocurrency and received income.

POWPAL CRYPTOTRADING SERVICESIt also develops the direction of cryptocurrency investments. The company's venture capital splitting supports startups like TaxBit, TRM Labs and Talos. This year, PauPal also acquired the company on the basis of the security principle Curv.

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