Airbnb has announced the roll out a new payment system for the hosts and guests from the EU through Luxembourg by 2020.
The home retailing giant employing more than 12,500 workers across the globe had been making preparations for the United Kingdom’s departure from the bloc, Luxembourg for Finance said in a public statement on the 4th of December 2019.
According to Luxembourg for Finance, a governing body that oversees and promotes the tiny country’s financial sector, Airbnb was provided with a payment institution license to process payments between hosts and guests within the bloc, a 28-nation pact of European nations excluding United Kingdom.
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