Payment company PayPal has expanded the ability to purchase cryptocurrency for its customers in the United States and increased the weekly limit for the purchase of cryptoassets to $ 100,000 with no restrictions on purchases per year.
According to a statement on the PayPal website, the increase in the weekly limit on the purchase of cryptoassets to $ 100,000 “will provide customers with more choice and flexibility when purchasing cryptocurrency on the platform.” The company also said it will continue to update its cryptocurrency tutorials and tutorials, including answers to frequently asked questions.
PayPal has been actively developing the cryptocurrency direction in recent months. In May, the VP and Head of Blockchain Development at PayPal announced that the company plans to add the function of withdrawing crypto assets to third-party wallets. Additionally, in April, PayPal CEO Dan Shulman stated that the company has been exploring the possibilities of cryptoassets and blockchain for a long time, and the demand for cryptocurrency has significantly exceeded its expectations.
In March, it was reported that PayPal would add support for cryptocurrency payments for 29 million merchants. As a reminder, the company added the ability to buy, sell and store cryptocurrencies for US users in November last year. This proposal has made PayPal one of the largest major financial companies to add support for cryptocurrencies and has fueled the growth of the cryptocurrency market.
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