PayPal Rolls Out Crypto for All US Customers
The topic of Paypal’s entry into the crypto space started again on Thursday when a number of U.S.-based customers found out the waitlist is over.
“We are pleased to announce that all eligible Paypal account holders in the U.S. can now buy, hold and sell cryptocurrency directly with Paypal,” - the company announced on Thursday, November 12, 2020.
After Paypal CEO Dan Schulman revealed the increased purchasing limits to $15k last week, on Thursday the company raised the limit again to $20,000.
“Due to initial demand from our customers, we’ve also increased our weekly cryptocurrency purchase limit from $10K/week to $20K/week,” - Paypal said.
A number of Twitter users tweeted about receiving a message from Paypal on Thursday morning that said Paypal’s crypto services were now available to all U.S. customers.