PayPal Raises Limit on Cryptocurrency Purchases to $100K Per Week
Paypal is excited to announce that they recently raised the purchase limits of cryptocurrency for eligible customers in the U.S. to $100,000 per week with no annual purchase limit.
PayPal’s decision to support operations with cryptocurrencies has brought outstanding results, it just hit the gas pedal and increased the limit on cryptocurrency purchases giving its customer more freedom to buy their beloved digital assets.
According to an Official PR, duly registered customers will now be able to buy up to $100,000 in crypto per week, without any other monthly or yearly limit. The company assured that the move comes in response to the feedback from its clients:
“As part of our efforts to meet the ever-changing needs of our customers, we are pleased to announce that we have recently raised the purchase limits of cryptocurrency for eligible PayPal customers in the U.S. to $100,000 per week with no annual purchase limit. These changes will enable our customers to have more choice and flexibility in purchasing cryptocurrency on our platform.
PayPal noted that it had updated its educational material, providing better information about cryptocurrencies, improving the guides, and increasing the number of answers to frequently asked questions.
PayPal Goes Deeper Down The Rabbit Hole
The news is simply the latest step in the execution of a corporate strategy that seems to increasingly focus on the world of cryptocurrencies and blockchain technologies.
Initially, PayPal only allowed cryptocurrency purchases to U.S. nationals under very restricted conditions. But shortly after that, it announced its intention to make its services available globally over time.
It also allowed merchants to accept cryptocurrencies as a form of payment and receive their fiat equivalent immediately if they wished.
Likewise, the company assured that it was working on releasing functionality to allow all its customers to withdraw cryptocurrencies to third-party wallets, which was impossible and thus widely criticized.
And a number of acquisitions and corporate alliances in the field of blockchain-oriented cybersecurity have given PayPal a more relevant role in the cryptocurrency industry.
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