PayPal customers in the UK will now be able to use the platform to buy, hold and sell cryptocurrency, with investments starting at £1.
But PayPal payments can still not be made in Bitcoin, for example, directly.
Instead, the cryptocurrency will have to be sold for traditional currency and its value then used to make a cash purchase.
PayPal is initially working with Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
But the currencies cannot be sent to friends or family or transferred to or from of any other digital wallet.
Entry point
PayPal launched its cryptocurrency service in the US, in October, hoping to make them more accessible to a wider audience.
But they remain volatile in value and unregulated - meaning investments are not protected by the authorities, if something goes wrong
"The tokens and coins have been around for a while but you had to be a relatively sophisticated user to be able to access that," a PayPal spokesman told CNBC.
"Having that on a platform like ours makes a really good entry point." READ MORE
