July 19, 2021: -PayPal is upping the number of cryptocurrency users can purchase by five times.
PayPal’s users can now buy $100,000 worth of bitcoin and other digital assets per week, up from a previous limit of $20,000. The company is also scrapping its annual purchase limit of $50,000.
“These changes will enable our customers to have more choice and flexibility in purchasing cryptocurrency on our platform,” Jose Fernandez da Ponte, PayPal’s vice president and of blockchain, crypto, and digital currencies, said in a statement Thursday.
PayPal first started letting users bought cryptocurrencies in October 2020. It later added the capability to purchase bitcoin, ether, litecoin, and bitcoin cash on its mobile payment app, Venmo.
The product has a $1 spending requirement and lets users share crypto purchases with friends through Venmo’s social feed.
At the time, the move was seen as a significant step to bringing digital assets to mainstream buyers and fueled bitcoin’s rally earlier this year.
The world’s first and largest cryptocurrency has lost roughly half its value since the all-time high above $60,000 in April. Bitcoin was trading near $31,000 on Thursday afternoon, while PayPal shares closed above 1.4% lower.
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
Loud leaders once ruled the boardroom. Charisma was currency. Big talk drove big valuations.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
The most successful business leaders don’t just identify gaps in the market; they anticipate future needs before anyone else.
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
May 30, 2025: Canada’s economy expanded at an annualized rate of 2.2% in the first quarter of 2025, outperforming the market forecast of 1.7%.
May 28, 2025: SpaceX’s latest Starship test flight, conducted on May 27, 2025, ended in failure when the spacecraft’s upper stage broke apart during its descent over the Indian Ocean.
May 27, 2025: Greek Coastguards Charged Over 2023 Pylos Migrant Shipwreck That Killed Hundreds
May 27, 2025: Volvo to Cut 3,000 Jobs in Europe as Part of $1.9B Restructuring Amid EV Slowdown and Tariff Pressures.
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you
