- PayPal’s new service to allow customers to buy, sell, and hold cryptocurrencies has launched for U.S. eligible users.
- The weekly purchase limit was also increased to $20,000 per week due to high demand.
Although the new service by PayPal was set to launch in early 2020, it seems that due to the initial demand, the payment platform is already allowing eligible U.S. PayPal customers to purchase, sell and hold cryptocurrencies. A PayPal spokesperson stated:
Due to initial demand from our customers, we’ve also increased our weekly cryptocurrency purchase limit from $10K/week to $20K/week
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