Global payments giant PayPal has announced that it will expand its cryptocurrency trading service to Luxembourg soon. In summary, the statement from PayPal is as follows:
“Luxembourg is a country known for its strong focus on innovation and is one of the world’s leading financial centers, and we are pleased to announce that we will be expanding PayPal’s cryptocurrency services to eligible Luxembourgish customers in the coming days. The introduction of this service offers Luxembourgish customers a new way to explore cryptocurrency in the PayPal environment they know and trust and provides customers access to educational content to help answer commonly asked questions and better understand the opportunities and risks associated with cryptocurrencies. Once available, eligible customers will be able to buy, sell and hold Bitcoin, Ethereum, Litecoin and Bitcoin Cash in their PayPal accounts via the website or the mobile app…. Customers can start by buying as little as €1 of cryptocurrency through PayPal…”
Global payments network PayPal first allowed users to buy, sell or hold cryptocurrencies in the US and then expanded to the UK in 2021.
In May, PayPal Vice President Richard Nash hinted that he owns cryptocurrencies due to his position. When asked if he owns cryptocurrencies, Nash said, “We have a lot of things that I’m working on at PayPal. I like to experience services myself, so I think that’s natural.”
Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) are currently available on PayPal.
