Share this article
PayPal Increases Crypto Payment Limits for US Customers
The company wants to give its customers “more choice and flexibility” in buying cryptocurrency on its platform.
By James Rubin
Updated Sep 14, 2021, 1:26 p.m. Published Jul 15, 2021, 7:58 p.m. 1 min read
PayPal has raised cryptocurrency limits for its U.S. customers to $100,000 per week without an annual purchase limit, the company said Thursday.
The San Jose, Calif.-based payment services company said on its website the change would “enable our customers to have more choice and flexibility in purchasing cryptocurrency on our platform.”
The company also said it would continue to update its in-app guides and educational materials on digital currencies, including addressing commonly asked questions.
In May, during CoinDesk's Consensus 2021 program, PayPal's blockchain lead, Jose Fernandez da Ponte, said the company would allow users to withdraw cryptocurrency to third-party wallets.
Read more: PayPal Will Let Customers Withdraw Crypto, Exec Says
More For You
The rally is fueled by NEAR Intents, the cross-chain system that has processed over $19 billion in volume and generated $32 million in fees.
What to know:
- NEAR token climbed 15% over 24 hours to $2.8, extending a month-long rally that has nearly doubled its price (up 90%).
- The rally is fueled by NEAR Intents, the cross-chain system that has processed over $19 billion in volume and generated $32 million in fees.
- Investors are anticipating a June...
Top Stories
