Payment system PayPal has risen the weekly limit for US customers to buy cryptocurrencies to $100,000. Representatives of the company said:
"These changes will enable our customers to have more choice and flexibility in purchasing cryptocurrency on our platform."
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The previous limit was set at $20,000.
PayPal announced at the end of May its users could transfer cryptos to third-party wallets.
Since March 30, PayPal users have been able to pay for goods and services with cryptocurrencies. The conversion to fiat takes place after payment. The service should be available to the 29 million merchants working with PayPal in the coming months.
Since November last year, the service has allowed its US customers to buy, sell, store and, since March 2021, also pay for purchases with Bitcoin, Bitcoin Cash, Ether and Litecoin in partner stores.