14.11.2020 – PayPal crypto service goes live

A new service from PayPal allows its customers to buy, hold and sell cryptocurrency directly from their PayPal account.

PayPal crypto service goes live

PayPal users can now buy, sell, and hold bitcoin, ether, bitcoin cash, and litecoin in their accounts.

Announced last month, the crypto support went live for U.S. customers on Nov. 12, marking a new level of mainstream availability of cryptocurrency.

  • In addition, PayPal said it will “significantly increase cryptocurrency’s utility” as it will be usable for purchases at the company’s network of 26 million merchants worldwide.

Crypto will become available to the rest of the company’s 300 million customers in 2021. It will also expand crypto support to Venmo next year.

  • PayPal also increased its weekly purchase limit to $20,000, up from the initially announced $10,000. It will charge no fees for purchases or sales through the end of the year, and there are …