On July 15, American payments company PayPal released an article, announcing changes in the crypto purchase policy.
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.
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.