PayPal ups its weekly cryptocurrency buy limit to $100,000

Stefan Mileschin · 19th July 2021, 10:54

One way fintechs have set themselves apart from traditional banks is by embracing crypto trading. For some of the biggest names in the sector, the expansion has been a success. Take PayPal. Following in the footsteps of Square'sCash App, the company began allowing US members to buy, hold and sell Bitcoin, Litecoin, Ethereum and Bitcoin cash back in November. It followed that with the option to checkout with crypto in March and brought crypto trading to its subsidiary Venmo the following month. Now, as part of its ongoing push into digital currencies, PayPal is upping the amount of crypto users can buy to $100,000 per week and scrapping the $50,000 annual limit altogether.

https://www.engadget.com/paypal-cryp...2.html?src=rss

19th July 2021, 10:54	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	PayPal ups its weekly cryptocurrency buy limit to $100,000 One way fintechs have set themselves apart from traditional banks is by embracing crypto trading. For some of the biggest names in the sector, the expansion has been a success. Take PayPal. Following in the footsteps of Square'sCash App, the company began allowing US members to buy, hold and sell Bitcoin, Litecoin, Ethereum and Bitcoin cash back in November. It followed that with the option to checkout with crypto in March and brought crypto trading to its subsidiary Venmo the following month. Now, as part of its ongoing push into digital currencies, PayPal is upping the amount of crypto users can buy to $100,000 per week and scrapping the $50,000 annual limit altogether. https://www.engadget.com/paypal-cryp...2.html?src=rss

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