All PayPal account holders in the U.S. can now start cryptocurrency trading using Paypal. The company has announced that it has removed the waitlist for cryptocurrency trading. The company also raised the amount of crypto that users can buy in a week.
PayPal customers will be able to trade up to $20,000 a week
According to the announcement, Paypal removes its waitlist for clients who are looking to utilize cryptocurrency in the U.S. Due to this, customers will be capable to trade up to $20,000 a week, rather than the formerly declared $10,000.
The firm said:
We are pleased to announce that all eligible PayPal account holders in the U.S. can now buy, hold and sell cryptocurrency directly with PayPal.
The official announcement further elaborated that, mainstream approval of cryptocurrencies has been blocked bytheir restricted service as an apparatus of exchange due to volatility, price, and momentum to transact.
Still, the commitment of high-level technological platforms allows the chance of mainstreaming cryptocurrencies. According to a survey by the Bank for International Settlements, one in 10 central banks – serving roughly one-fifth of the world’s population – presume to distribute their own cryptocurrencies within the next three years.
Dan Schulman, president and CEO of PayPal said:
The shift to digital forms of currencies is inevitable, bringing with it clear advantages in terms of financial inclusion and access; efficiency, speed and resilience of the payments system; and the ability for governments to disburse funds to citizens quickly.
He further stated that :
We are eager to work with central banks and regulators around the world to offer our support and to meaningfully contribute to shaping the role that digital currencies will play in the future of global finance and commerce.
PayPal had entered the cryptocurrency market on Wednesday, 21, October 2020. The online payment system now allows consumers to purchase, sell, and keep Bitcoin and other cryptocurrencies using the U.S. digital payments company’s online wallets.
Recommended posts
-
Shiba Inu Price Prediction: How High can SHIB Price reach by 2030? -
How to buy PayPal Stablecoin $PYUSD on Paypal?: Everything You Need To Know -
Kraken Newest Volatility Report States Bitcoin Rise to $20,000 Seems Likely
-
PEPE Coin Price to Reach $5 in the Next Seven Days? -
Bitwala Launches Crypto Bank In Germany -
Bitcoin Price Surpasses $12,700 As PayPal Announces Crypto Payments -
Bitcoin News Ticker – CryptoTicker
- Bitcoin Price Prediction: BTC Hits $300 Billion Market Capitalization
-
China’s “Slap in the face” to Cryptocurrencies causes Bitcoin Plummet
-
Coinbase Launches Paypal Withdrawals Support for EU citizens -
Big Banks announce fiat-pegged currency for settlements
- Metropolitan Bank Stops All International Cryptocurrency-Related Wire Transfers (Updated)
- With Paymium exchange you will be paid for every trade
- PayPal Steps into the Future: A New Digital Token Takes Flight
-
HTC Will Accept Fiat Currency for its Exodus Crypto Smartphone -
Facebook to Launch Its Own Cryptocurrency
You might also like
More from Cryptocurrency Exchanges
Binance Shake-Up: Why Visa and Mastercard’s Move Might Affect You…
Binance news: Visa, and Mastercard have become central characters in a new chapter that every crypto enthusiast must be aware …
If You Trade ANY of These 6 Cryptos on Coinbase…Watch out!
Coinbase delisting: Coinbase surprised the crypto community by revealing its decision to suspend trading for six cryptocurrency assets.
XRP Token Relisted on THIS Exchange, But…
XRP token relisted: As the dynamic world of cryptocurrencies continues to evolve, XRP token has been relisted on a specific …
