Important Step from Payment Giant Paypal: Brings Cryptocurrency Service to Europe

Payments giant Paypal is expanding into Europe by bringing its crypto service to customers in Luxembourg.

Paypal recently released a press release for its customers in Luxembourg. Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) announced that it will start offering trading and custody services. Luxembourg, where Paypal will offer crypto services in the European Union (EU) region first field of activity will be.

In a statement, the company said that adding Luxembourg to its lines of business would enable Paypal’s digital currencies. more accessible He said it was an important step in his mission to make Paypal, digital currencies in the future of global finance and trade to contribute meaningfully to shaping the role it will play. with local regulators and policy makers He also stated that he will continue to work closely.

Senior Vice President and General Manager of the company’s blockchain, crypto and digital currencies Jose Fernandez da Pontereported that adding the ability to transfer, send and receive cryptocurrencies is another step in Paypal’s journey to create a more inclusive and effective financial system.

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