PayPal Takes Its Bitcoin Services to Luxembourg: A Major Step in EU Expansion

PayPal announces its crypto service will soon become available to customers in Luxembourg, expanding its presence in Europe. Payments giant PayPal will allow customers in Luxembourg to buy, sell and hold Bitcoin, Ethereum, Litecoin and Bitcoin Cash in their accounts. This list includes Bitcoin [BTC] and other popular cryptocurrencies. PayPal, the renowned finance tech platform, has plans to roll out cryptocurrency services in Luxembourg. This move is an attempt to expand crypto services in the European Union.

According to a press release, when the PayPal is expanding its crypto service to Luxembourg, paving the way for a wider rollout across the European Union. Adding Luxembourg is an important strategic step for PayPal. The move to Luxembourg follows the introduction of other similar initiatives in various countries. Once PayPal's crypto service becomes available in Luxembourg, users will be able to buy, sell, and hold cryptocurrencies such as Bitcoin, Ethereum, Litecoin and Bitcoin Cash in their PayPal accounts.

According to the payment giant, Luxembourg’s customers would be allowed to purchase, sell and hold crypto in their PayPal accounts. This development signifies PayPal's commitment to providing accessible and secure cryptocurrency services across Europe and beyond, making Bitcoin and other leading cryptocurrencies more easily available to users in Luxembourg.