On July 15, American payments company PayPal released an article, announcing changes in the crypto purchase policy.
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Now, US-based users are allowed to purchase up to $100,000 in crypto weekly with no annual buying limitation. PayPal says the changes aim to offer clients more options and flexibility in purchasing crypto on the app.
PayPal added the option of trading cryptocurrencies on its platform in October 2020. In March 2021 the company announced enabling US clients to pay merchants from over the world with crypto.
At launch, the maximum purchase availability was $20.000. PayPal mentioned in the published post that its goal is to allow customers to buy, hold, sell, and checkout with cryptocurrency using a trusted and secure platform.
The payment giant supports innovations and the blockchain industry. Recently, Visa and PayPal backed Blockchain Capital's $300 M funding round.