The weekly purchase limit for Bitcoin and other crypto-assets has been raised to $100,000 by PayPal Holding Inc.
For eligible clients in the United States, PayPal Holding Inc. has boosted the weekly purchase limit for Bitcoin and other crypto-assets to $100,000 and removed the annual purchase cap. The weekly bitcoin purchase limit for PayPal customers was $20,000 in February.
Customers in the United States can currently keep, sell, and buy Bitcoin, Ether, Litecoin, and Bitcoin Cash on the platform and use them to pay for goods and services.
The e-payment gateway tweeted about the announcement on Friday.
The shift, according to the payment giant, would provide users greater flexibility and options when it comes to purchasing crypto tokens on its platform.
The company also announced that it would continue to update its platform with instructional resources and tutorials on cryptocurrencies, as well as provide answers to frequently asked issues.
People have their own way to show support both for cryptos and Elon.
A set of good data and speculations.
PayPal was criticised for allowing consumers to exclusively buy and hold digital assets on its site.
In March, the company launched Checkout with Crypto, which allows users to pay for goods and services with their cryptocurrencies, with PayPal converting the payments to fiat before they reach the retailer.
Jose Fernandez da Ponte, PayPal’s blockchain lead, revealed in May that the company would soon let clients to move their crypto holdings to other third-party wallets.
For more informative and amazing Twitter talks, stay connected.