Paypal payment system, paypal company has a new plan, which is to give its customers “more choice and flexibility” in buying cryptocurrency on this platform.
PayPal payment system, increased the capacity of cryptocurrency limits for its U.S. customers to $100,000 per week. They did it by adding the feature. That is it doesn’t have an annual purchase limit. Thus, the company mentioned it on Thursday.
The San Jose, Calif.-based payment services firm said on its website this change would “enable our customers to have more choice and flexibility in purchasing cryptocurrency on our platform.”
The company, Paypal payment system, also mentioned that it would keep continuing to update its in-app guides and educational materials on digital currencies. As a result, it is including addressing commonly asked questions.
In May, PayPal’s blockchain lead, Jose Fernandez da Ponte, said something very important and worth mentioning. Which was that the company would let users to withdraw cryptocurrency to third-party wallets.
The company’s speaker also continued:
“To help our customers learn more about crypto, we continue to update our in-app guides. And also the educational materials on cryptocurrency. We provide answers to commonly asked questions. Moreover, we offer insights into the world of crypto, and help demystify some misconceptions customers may have about crypto.”
PayPal also specified that the team would keep helping customers to learn and to understand cryptocurrency better than before.
What is Paypal:
PayPal payment system, is an American corporation. It is operating an online payments system in the great number of countries. That it will support online money transfers. And also serves as an electronic alternative to traditional paper methods such as checks and money orders. The company performs as a payment operator for online vendors. In addition too, auction sites, and many other commercial users, for which it charges a fee.