US PayPal users can now buy cryptocurrencies worth up to $100,000 per week on the payment giant’s platform, according to Cryptoslate.com.
- PayPal’s move happens after the company interacted with its platform users to know how to serve them better and improve the services.
- The decision by PayPal follows increased demand for cryptocurrencies by its clients and the growing influence of digital assets.
- PayPal expects its customers to have more choice and flexibility in buying cryptocurrencies on its platform.
PayPal only allowed a limit of $20,000 per week and $50,000 annual crypto purchase initially, with digital tokens like Bitcoin, Ethereum, Bitcoin Cash, and Litecoin supported.
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