2021
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Question
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UAE
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USA
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United Kingdom
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Germany
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Detailed explanation-1: -PayPal has launched its cryptocurrency service in the U.K. LONDON - PayPal is launching its cryptocurrency service in the U.K. The U.S. online payments giant said Monday it would let British customers buy, hold and sell digital currencies, starting this week.
Detailed explanation-2: -PayPal’s cryptocurrency services were first launched in the U.S. in 2020 and expanded to the U.K. in 2021. Adding Luxembourg is an important step in PayPal’s mission to make digital currencies more accessible.
Detailed explanation-3: -PayPal started letting its US customers hold cryptocurrency in Oct. 2020, then enabled them to make purchases with supported cryptocoins from the platform’s 29 million merchants the following March. PayPal doesn’t charge fees for holding cryptocurrency, but it does charge a small transaction fee at or below 2.3%.
Detailed explanation-4: -Online payment service PayPal allows you to transfer cryptocurrencies in and out of the platform. This feature launched in August 2022; before then, users could buy, sell and hold crypto with PayPal but not send coins to other users or crypto wallets.
Detailed explanation-5: -PayPal has begun its crypto European expansion with the launch of the PayPal cryptocurrency service in Luxembourg.