May 21, 2024

PayPal Added Buy / Sell Cryptocurrencies For US Citizens

PayPal Added Buy / Sell Cryptocurrencies For US Citizens

Payment company PayPal today announced the opening of access to cryptocurrencies to users in the United States.

"We're gladto inform that all eligible account holders in the U.S. can nowbuy, hold and sell cryptocurrency directly through PayPal"- the company writes.

PayPal CEO Daniel Shulman reported in early November that the service's customer base was showingsignificant interest in cryptocurrency-related opportunities, and the number of users who have entered the waiting list has exceeded its own expectations.

"In light of our customers' initial demand, we have also increased the weekly limit$10,000 to $20,000 to buy cryptocurrency"PayPal adds.

For the first time, PayPal officially announced its intention to open access to cryptocurrencies to customers in October.Shulman also reported that PayPal is in talks with central banks and regulators to find new users who canbe interesting wallets of digital currencies.

Earlier, Circle CEO Jeremy Aller spoke about the first experience of buying bitcoin through PayPal.

As a reminder, PayPal users will only be able to interact with cryptocurrencies within the service. Currently, they cannot be withdrawn to third-party wallets.

PayPal Added Buy / Sell Cryptocurrencies For US Citizens

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