{"id":979770,"date":"2021-07-15T17:10:00","date_gmt":"2021-07-15T21:10:00","guid":{"rendered":"https:\/\/cointelegraph.com\/news\/paypal-increases-crypto-purchase-limits-to-100k"},"modified":"2021-07-15T17:10:00","modified_gmt":"2021-07-15T21:10:00","slug":"paypal-increases-crypto-purchase-limits-to-100k","status":"publish","type":"station","link":"https:\/\/platodata.io\/plato-data\/paypal-increases-crypto-purchase-limits-to-100k\/","title":{"rendered":"PayPal increases crypto purchase limits to $100K"},"content":{"rendered":"\n<div><img decoding=\"async\" src=\"https:\/\/wordpress-1016567-4521551.cloudwaysapps.com\/wp-content\/uploads\/2021\/07\/paypal-increases-crypto-purchase-limits-to-100k.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p>Payment provider company PayPal now allows U.S.-based users to purchase up to $100,000 in crypto weekly.<\/p>\n<p>In a Thursday announcement, PayPal <a href=\"https:\/\/newsroom.paypal-corp.com\/2021-07-15-Increased-Purchase-Limits-for-Crypto-on-PayPal\" target=\"_blank\" rel=\"noopener nofollow\">said<\/a> it had increased the crypto purchase limit for certain customers based in the United States from $20,000 to $100,000 per week. The company said the move was aimed at giving users \u201cmore choice and flexibility in purchasing cryptocurrency.\u201d<\/p>\n<p>PayPal announced it would be moving into the crypto space in October 2020, later allowing eligible customers based in the United States to <a href=\"https:\/\/cointelegraph.com\/news\/paypal-s-crypto-goes-live-in-the-us\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/paypal-s-crypto-goes-live-in-the-us\/amp\">use cryptocurrencies for trading<\/a> and payments. Though the company initially announced users would be limited to purchasing $10,000 in crypto each week, the feature launched with a $20,000 limit. <\/p>\n<p>The platform has been expanding its features for crypto users since last year, partnering with Coinbase to <a href=\"https:\/\/cointelegraph.com\/news\/coinbase-offers-customers-a-way-to-purchase-crypto-using-paypal\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/coinbase-offers-customers-a-way-to-purchase-crypto-using-paypal\/amp\">allow crypto purchases<\/a> through the major exchange, while the PayPal-owned payments firm Venmo <a href=\"https:\/\/cointelegraph.com\/news\/paypal-owned-venmo-launches-cryptocurrency-trading\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/paypal-owned-venmo-launches-cryptocurrency-trading\/amp\">launched crypto trading<\/a> in April. Before the Venmo announcement, CEO Dan Schulman said he expected the <a href=\"https:\/\/cointelegraph.com\/news\/ceo-says-paypal-s-crypto-commerce-may-reach-200m-volume-in-just-months\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/ceo-says-paypal-s-crypto-commerce-may-reach-200m-volume-in-just-months\/amp\">average monthly volume for crypto transactions<\/a> on PayPal to reach $200 million in a matter of months. <\/p>\n<p><strong><em>Related: <\/em><\/strong><a href=\"https:\/\/cointelegraph.com\/news\/paypal-to-start-letting-us-customers-pay-in-bitcoin-at-global-merchants\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/paypal-to-start-letting-us-customers-pay-in-bitcoin-at-global-merchants\/amp\"><strong><em>PayPal to start letting US customers pay in Bitcoin at global merchants<\/em><\/strong><\/a><\/p>\n<p>According to analytics site Statista, PayPal <a href=\"https:\/\/www.statista.com\/statistics\/218493\/paypals-total-active-registered-accounts-from-2010\/\" target=\"_blank\" rel=\"noopener nofollow\">had<\/a> roughly 392 million active user accounts as of the first quarter of 2021. The company has continued to <a href=\"https:\/\/cointelegraph.com\/news\/blockchain-capital-secures-300m-funding-from-paypal-visa\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/blockchain-capital-secures-300m-funding-from-paypal-visa\/amp\">invest in blockchain-focused firms<\/a> including Blockchain Capital and blockchain intelligence platform TRM Labs.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template> <a href=\"https:\/\/cointelegraph.com\/news\/paypal-increases-crypto-purchase-limits-to-100k\">Source: https:\/\/cointelegraph.com\/news\/paypal-increases-crypto-purchase-limits-to-100k<\/a><\/p>\n","protected":false},"author":1,"featured_media":979775,"template":"","meta":{"_eb_attr":"","type":"","auto_type":false,"post":"","stream":"","stream_url":"","waveform_data":[],"duration":0,"start":0,"end":0,"bpm":0,"downloadable":false,"download_url":"","purchase_title":"","purchase_url":"","post-count-all":0,"like_count":0,"download_count":0,"editor_note":"","copyright":"","captions":[],"sources":[]},"genre":[41],"station_tag":[3758,4397,4416,3819,4046,4722,3820,3989,3634,3884,5330,3887,3764,3888,4298,3830,3641,3831,3767,3833,3797,4307,3729,4382,3901,3772,4067,4006,4074,3650,3953,4189,3653,4619,4200,3959,3741,3660,3706,3965,3859,3860,3861,6991,3977,3714,3978,3982,3983,3984,3755,3987,3756,3815,4926,3717],"artist":[5815],"mood":[],"activity":[],"_links":{"self":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station\/979770"}],"collection":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station"}],"about":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/types\/station"}],"author":[{"embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/media\/979775"}],"wp:attachment":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/media?parent=979770"}],"wp:term":[{"taxonomy":"genre","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/genre?post=979770"},{"taxonomy":"station_tag","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station_tag?post=979770"},{"taxonomy":"artist","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/artist?post=979770"},{"taxonomy":"mood","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/mood?post=979770"},{"taxonomy":"activity","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/activity?post=979770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}