#CryptoCurrency / Cryptocurrency Trading On PayPal Now Active For All Users

PayPal announced … that all PayPal users can officially hold, buy and sell cryptocurrencies on the app, a feature that previously had been waitlisted for many users… Users will also be able to make payments at any of PayPal’s 26 million merchants using cryptocurrency beginning in 2021… PayPal has also increased the weekly purchase limit from $10,000 in cryptocurrency to $20,000… There are no service fees for holding cryptocurrency in a PayPal account, and no fees for trading it through Dec. 31.

The move brings cryptocurrency further into the mainstream, thanks to PayPal’s large size and reach. The company has 346 million active accounts and processed over $222 billion in payments in the second quarter…

The company will also be offering its users educational tools to help them better interact with the cryptocurrency “ecosystem” and better understand blockchain technology as well as the “risks and opportunities related to investing in cryptocurrency”…

PayPal aims to bring the feature to Venmo and to certain international countries in 2021.

https://www.pymnts.com/cryptocurrency/2020/cryptocurrency-trading-paypal-now-active-all-users