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PayPal increases weekly crypto purchase limit for certain customers based in the US by 5 times

The U.S. payment giant PayPal has increased the crypto purchase limit for certain customers based in the United States from $20,000 to $100,000 per week with no annual purchase limit.

According to the announcement on July 15, the company said the changes will enable PayPal’s customers to have more choice and flexibility in purchasing cryptocurrency on the platform.

The payment giant announced it would be moving into the crypto space in October 2020, later allowing eligible customers based in the US to use crypto assets for trading and payments. The four listed coins are BTC, BCH, ETH, and LTC, since then no new coins have been added.

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