The international payment institution PayPal has announced that the waiting list for cryptocurrency transactions in the US has ended. In this way, cryptocurrency will be traded directly on Paypal in the USA.
A critical announcement came from international payment company Paypal for the cryptocurrency market.
The company announced that the waiting list application on cryptocurrency transactions in the US has ended. Thus, users in the USA will be able to trade cryptocurrencies directly within their PayPal accounts. The company also stated that in the coming days, users will be informed about the new feature via email and web notifications.
The company also announced that it has increased its weekly cryptocurrency transaction limit from $ 10 thousand to $ 20 thousand upon request.
With the effect of the announcement from the company, an upward movement was observed in the crypto money market. Bitcoin climbed above $ 16K, hitting the highest level since January 2018.
PayPal announced in October that it plans to enter the cryptocurrency market. After this announcement by PayPal, crypto coins found support.
