PayPal increases crypto payment limits for US customers to $100,000 per week with no annual purchase limit
The company wants to give its customers “more choice and flexibility” in buying cryptocurrency on its platform.
„As part of our efforts to meet the ever-changing needs of our customers, we are pleased to announce that we have recently raised the purchase limits of cryptocurrency for eligible PayPal customers in the U.S. to $100,000 per week with no annual purchase limit. These changes will enable our customers to have more choice and flexibility in purchasing cryptocurrency on our platform,” the company says.
The company also said it would continue to update its in-app guides and educational materials on digital currencies, including „addressing commonly asked questions, offer insights into the world of crypto, and help demystify some misconceptions customers may have about crypto”.
„We look forward to working with our customers as they explore crypto with PayPal and hearing about the enhancements they would like to see in our services,” PayPal concludes.
PayPal launched its cryptocurrency capabilities in the U.S. in October 2020,
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
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