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.
