PayPal is launching crypto services in Luxembourg in the next few days. Customers in Luxembourg can now explore the crypto market in a safer and trusted platform.
Jose Fernandez da Ponte, SVP and GM, blockchain, crypto & digital currencies at PayPal stated that Adding Luxembourg is an important step in PayPal’s mission to make digital currencies more accessible.The company commits to working closely with regulators and policymakers in Luxembourg to shape the role of digital currencies in global finance and commerce, he added.
The company will also enable educational content and FAQs for customers to better understand the opportunities and risks associated with cryptocurrencies. PayPal will also permit eligible customers to buy, sell and hold Bitcoin, Ethereum, Litecoin, and Bitcoin Cash for as little as €1 through the website or the mobile app using their PayPal balance, linked bank accounts, or EU-issued debit cards.
