PayPal pulls crypto waitlist, ups weekly purchase limit to $20K

  • Following through on what was hinted at in its earnings call ten days ago, PayPal (NASDAQ:PYPL) says all U.S. account holders are now eligible to buy, sell, and hold cryptocurrencies. At the time of the earnings call, just 10% of customers were able to transact in cryptos.
  • Also, the weekly purchase limit has been upped to $20K. The limit was initially $10K, and then raised to $15K in early November.
  • Currently, PayPal supports Bitcoin (BTC-USD), Ether (ETH-USD), Bitcoin Cash (BCH-USD), and Litecoin (LTC-USD).
  • It's been a volatile session for crypto today, with most modestly lower at the moment. Bitcoin earlier topped $16K for the first time in about three years, but has slipped back to $15.92K.

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