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2021-07-16

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PayPal increases weekly cryptocurrency purchase limit fivefold to $100,000

KEY POINTS PayPal users can now buy $100,000 of bitcoin and other digital assets per week, up from

PayPal increases weekly cryptocurrency purchase limit fivefold to $100,000

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPayPal increases weekly cryptocurrency purchase limit fivefold to $100,000\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 06:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/15/paypal-ups-weekly-crypto-purchase-limit-fivefold-to-100000-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nPayPal users can now buy $100,000 of bitcoin and other digital assets per week, up from a previous limit of $20,000.\nPayPal is also scrapping its annual purchase limit of $50,000.\nPayPal ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/15/paypal-ups-weekly-crypto-purchase-limit-fivefold-to-100000-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal"},"source_url":"https://www.cnbc.com/2021/07/15/paypal-ups-weekly-crypto-purchase-limit-fivefold-to-100000-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1134138676","content_text":"KEY POINTS\n\nPayPal users can now buy $100,000 of bitcoin and other digital assets per week, up from a previous limit of $20,000.\nPayPal is also scrapping its annual purchase limit of $50,000.\nPayPal first started letting users buy cryptocurrency in October 2020 and was seen as a key step in mainstream adoption of the asset class.\n\nPayPalis upping the amount of cryptocurrency users can purchase by five times.\nPayPal’s users can now buy $100,000 worth of bitcoin and other digital assets per week, up from a previous limit of $20,000. The company is also scrapping its annual purchase limit of $50,000.\n“These changes will enable our customers to have more choice and flexibility in purchasing cryptocurrency on our platform,” Jose Fernandez da Ponte, PayPal’s vice president and of blockchain, crypto and digital currencies said in a statement Thursday.\nPayPal first startedlettingusers buy cryptocurrencies in October 2020. It later added the capability to buy bitcoin, ether, litecoin and bitcoin cash on its mobile payment app, Venmo. The product has a $1 spending requirement and lets users share crypto purchases with friends through Venmo’s social feed.\nAt the time, the move was seen as a significant step to bringing digital assets to mainstream buyers and fueled bitcoin’s rally earlier this year. The world’s first and largest cryptocurrency has lost roughly half of its value since the all-time high above $60,000 in April. Bitcoin was trading near $31,000 as of Thursday afternoon, while PayPal shares closed more than 1.4% lower.","news_type":1},"isVote":1,"tweetType":1,"viewCount":454,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":15,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}

PayPal increases weekly cryptocurrency purchase limit fivefold to $100,000

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