Nov 12, 2020 at 5:14 p.m.UTC Updated Nov 12, 2020 at 5:31 p.m.UTC PayPal Removes Waitlist for New Crypto Service, Boosts Weekly Purchase Limit to $20K
All eligible PayPal account holders in the U.S.can now buy, hold and sell cryptocurrency, the company announced Thursday.
The publicly traded payments giant confirmed its crypto plans in a Oct.21 announcement that sent shockwaves across the industry.
During PayPal’s most recent earnings call on Nov.2, CEO Dan Schulman said only 10% of customers in the U.S.had access to the crypto service at the time.
Citing steep demand, the firm upped its weekly crypto purchase limits from $10,000 to $15,000 at the time and said remaining U.S.
customers would get access to crypto in the next two to three weeks.PayPay is clearly acting quickly.
“Due to initial demand from our customers, we’ve also increased our weekly cryptocurrency purchase limit from $10K/week to $20K/week,” PayPal spokesman Aaron Gould said Thursday.Share this: ConsenSys Pitch Deck Forecasts $100 Million Burn Rate for 2019 news ConsenSys believes it can become a valuable company, provided it can get through the next year.As The Information first reported Monday, the company is seeking approximately $200 million in new investment.However, ConsenSys also projects $152 million in expenses in 2019, with $52 million in revenue, for an estimated $100 million cash burn,… Crypto Finance Startup Amber Raises $28M in Series A Led By Pantera, Paradigm Feb 14, 2020 at 13:25 UTCHong Kong.
The first trade saw 10 tokens bought at a price of $8 apiece, according to the users in tZERO’s Telegram group.That $8… What Is Going On With Jae Kwon and Cosmos? Feb 4, 2020 at 22:35 UTCUpdated Feb 4, 2020 at 22:57 UTCJae Kwon speaks at Construct 2017.(Photo via CoinDesk archives)”If something should happen to me, be critical and share your opinions respectfully.But everything I’m doing is in fact making me a target,” Jae Kwon, the main architect of the Cosmos protocol, wrote on… Market Wrap: Crypto Mining Stock Hut 8 Jumps on Unusually High Trading Volume Apr 17, 2020 at 21:21 UTCUpdated Apr 17, 2020 at 21:22 UTCShares of cryptocurrency mining firm Hut 8 Mining Corp.(TSX:HUT) surged 32 percent with unusually high trading volume on the Toronto Stock Exchange Friday.The huge, surprising bounce for the stock arrives after the firm warned earlier in April that coronavirus-related issues might hurt its… OKEx Denies Investigation of Founder Star Xu Is Related to Money Laundering Oct 16, 2020 at 13:57 UTCUpdated Oct 16, 2020 at 14:13 UTCOKEx Denies Investigation of Founder Star Xu Is Related to Money LaunderingOKEx is denying that the ongoing inquiry of its founder is related to an anti-money laundering investigation.
“We are not at liberty to discuss any matters that are under investigation but can reveal that… First Mover: Stablecoin Surge Might Herald Bitcoin Binge Apr 17, 2020 at 11:26 UTCUpdated Apr 17, 2020 at 11:43 UTCFirst Mover: Stablecoin Surge Might Herald Bitcoin BingeAre crypto traders getting ready to pounce?It sure looks that way, based on new data showing a rapid increase in the outstanding value of dollar-linked tokens, many of them amassing on cryptocurrency exchanges.These “stablecoins” – digital tokens whose value… Leave a Reply You must be logged in to post a comment.Search.