One of the Giant and most recognized online payment firms, PayPal has announced that they are increasing cryptocurrency purchase limits to $100K for their users on weekly basis. The previous limit for the users was $20K.
PayPal’s Vice president Jose Fernandez da Ponte said, “These changes will enable our customers to have more choice and flexibility in purchasing cryptocurrency on our platform”.
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PayPal first started letting users buy crypto in October 2020. After few days, they added the capability to buy cryptocurrencies like Litecoin (LTC), Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH) through their mobile payment app, Venom.