PayPal just announced that it will be opening up the ability for citizens in Luxembourg to buy, sell and hold litecoin and 3 other cryptocurrencies.
The interesting part is that Luxembourg has the world's #1 GPD per capita in the world. GDP per capita is a measure of a country's economic output per person. It is often used as an indicator of a country's standard of living, as it provides a general idea of the average income and wealth of the people who live there. A high GDP per capita can indicate that a country has a strong economy and that the majority of its citizens are able to enjoy a high standard of living. This can be important to a country for several reasons. For example, a high GDP per capita can attract businesses and investors, who may be drawn to the country by the prospect of a strong market and a wealthy consumer base. It can also indicate that the country is able to provide its citizens with access to high-quality education, healthcare, and other essential services.
Luxembourg is a small country in Europe. It is located in the continent's western region, bordered by Belgium to the west and north, Germany to the east, and France to the south. The country is known for its beautiful scenery, with rolling hills and forests covering much of its landscape. The official language of Luxembourg is French, but many people also speak German and Luxembourgish. The country has a strong economy and is known for its low tax rates, which has made it a popular destination for businesses. It is also a member of the European Union and the United Nations.
PayPal plans to offer litecoin to eligible Luxembourgish customers in the coming days. Customers will be able to purchase litecoin on the app and also on the website.
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