Bitcoin

Trading in PayPal cryptocurrencies is activated in the USA

On Thursday, cryptocurrency trading and PayPal payments were enabled for all eligible customers in the US.

According to their updated announcement, PayPal ended its waiting list for customers who want to use cryptocurrencies in the United States. The trade has a limit of $ 20,000 per week, which is double the $ 10,000 originally announced.

Finally, PayPal plans to make cryptocurrency payments available in 26 million branches worldwide.

Trading in PayPal cryptocurrencies is activated in the USA
Trading in PayPal cryptocurrencies is activated in the USA

A representative told Cointelegraph that PayPal will inform US customers about the general availability of crypto services in the coming days.

The long-awaited international services are expected to be launched in early 2021, along with crypto payments on Venmo. PayPal first announced its plans to integrate cryptocurrencies three weeks ago. The announcement resulted in an increase in the price of BTC.

As part of its crypto services PayPal received its first bit of conditional license from the New York Treasury, one of the largest sub-national financial regulators in the US, many pointed out that the terms of PayPal’s cryptocurrency services would imply this Coins bought on the platform could not run outlikely as part of its commitment to regulators to make crypto services available to such a broad user base.

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