US Customers Can Now Buy Bitcoin on PayPal, Wait List Lifted
The payment giant has removed its waiting list for crypto services, meaning that all eligible U.S. customers will now be able to buy, sell and hold cryptocurrencies. Spending limits on crypto have also been increased.
Key Takeaways
- PayPal has announced that it will be removing its waiting list for cryptocurrency services.
- Move follows bombshell Oct. 22 announcement that the payment service would be adding support for cryptocurrencies.Â
- It’s currently unclear whether service will be offered to customers outside of U.S.Â
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PayPal is removing its waiting list for crypto services, allowing all United States users to buy and sell Bitcoin.
PayPal Lifts Wait List for Crypto
The payment service made headlines last month when it announced its plans to support digital currencies.
While it was initially proposed that there would be a waiting list for customers interested in obtaining crypto, the company has since opened up the service to all eligible U.S. customers.
PayPal just enabled crypto purchasing for all eligible US customers. I got a notification and here’s what it looks like in the app. pic.twitter.com/bKURuq2H3w
— eric.eth (@econoar) November 12, 2020
The Block also reports that purchase limits have been increased, allowing U.S. buyers to purchase up to $20,000 in cryptoassets per week (it was initially set to $10,000, before being increased to $15,000 shortly after).
While it’s currently unknown whether the service will be expanded globally, all signs point to the payment giant doubling down on cryptocurrencies like Bitcoin and Ether.
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