PayPal Increases Crypto Payment Limits for US Customers

PayPal Increases Crypto Payment Limits for US Customers

PayPal has raised cryptocurrency limits for its U.S. customers to $100,000 per week without an annual purchase limit, the company said in a press release on its website Thursday.

The San Jose, Calif.-based payment services company said that the changes would “enable our customers to have more choice and flexibility in purchasing cryptocurrency on our platform.”

The company also said that it would continue to update its in-app guides and educational materials on digital currencies, including addressing commonly asked questions.

In May, the company’s blockchain lead told a Consensus 2021 audience that the company would let users withdraw cryptocurrency to third-party wallets, its blockchain lead said.

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