PayPal is known worldwide for its online payment services. But in an effort to expand, the company is taking a new step and getting into cryptos. After the United States of America and Great Britain, the giant is setting up shop… in Luxembourg with a varied and very accessible offer.
PayPal and its crypto service arrive in Luxembourg
When the online payment company PayPal decides to get into cryptos, it inevitably gives something big. The company has announcement on December 7 that it is expanding its offerings in digital assets in Luxembourg. Indeed, Luxembourgers can now buy, sell and exchange tokens via their mobile application or the PayPal website.
Through their PayPal accounts, customers will be able to make transactions on four cryptocurrencies. Among others, bitcoin (BTC), Litecoin (LTC), Ethereum (ETH) as well as Bitcoin Cash (BCH). However, this service is only available to eligible customers. It not only allows them to explore the crypto space, but to do so in a whole different way.
The online payment giant has this particularity that its customers trust it. As a result, it allows them to enjoy and serenely understand the crypto ecosystem thanks to educational content that will introduce them to all the contours of the sector. The launch of this service in Luxembourg is a major event for PayPal.
Remember that PayPal’s cryptocurrency services were launched in 2020 in the USA before arriving in the United Kingdom in 2021. The addition of Luxembourg to its program is a considerable step towards achieving its objective. Indeed, the company aims to make digital assets more accessible.
Eligible customers can make purchases in the amount they want starting at 1 euro. To do this, they only have to log into their PayPal account. Next, access the crypto tab and choose from the four cryptos available.
To carry out this project, PayPal is committed to working in close collaboration with the regulators and decision-makers in Luxembourg. Additionally, client funds will be readily available in their accounts should they wish to sell.
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