PayPal, a U.S. online payment company, provides cryptocurrency trading services in the U.K. following the U.S.
According to CNBC, PayPal said on the 23rd (local time) that it will allow British customers to buy, hold and sell cryptocurrency starting this week.
This is the first time PayPal has expanded its service to other countries since it introduced its cryptocurrency service in the U.S. in October last year.
Through PayPal’s cryptocurrency service, British customers can buy and sell Bitcoin, Ethereum, and Litecoin, and track cryptocurrency prices in real time.
PayPal expects cryptocurrency to play a bigger role in e-commerce in the long run. PayPal allowed U.S. consumers to pay millions of online sellers worldwide in cryptocurrency earlier this year.
Meanwhile, Bitcoin finally surpasses the $50,000 mark this afternoon.
Bitcoin eventually surpassed $50,000 (USD).
Bitcoin rallied last weekend but failed to surpass $50,000 that served as a resistance line. However, it eventually broke the $50,000 mark on Monday afternoon (8/23).
Bitcoin rose 2.59% from 24 hours ago to $51,175, surpassing $50,000 as of 11:16 p.m. on the 23rd (GMT+8) on Coin Market Cap.
At 5 a.m., six hours ago, Bitcoin was recording 48,366, down 1.24 percent from 24 hours ago in Coin Market Cap. However, it succeeded in turning the tide, eventually surpassing $50,000 in value.
Bitcoin previously attempted to surpass $50,000 last weekend by rallying on positive news that Coinbase, the largest cryptocurrency exchange in the U.S., bought an additional $500 million worth of cryptocurrency.
But it failed because it was blocked by the $50,000 resistance line. Bitcoin, which had been like that, eventually surpassed $50,000 (USD).
Experts say Bitcoin has remained at the level of $40,000 for some time and has enough room to rise in the future as it has surpassed the resistance line of $50,000 for some time.
Yahoo Finance predicted that Bitcoin, which overcame the $50,000 resistance line, could reach the $54,000 mark in the near future.
Yahoo Finance quoted Chartist analysis as predicting that the next line of resistance would form at $54,130.
