Crypto Buying Limit Increased | Create Your Own Crypto Payment Gateway
Recently, PayPal, a leading digital payment company, increased its crypto-buying weekly limit from $10000 to $15000 for its users, mainly for four assets, Bitcoin, Bitcoin Cash, Litecoin, and Ethereum. This was announced as Paypal wants to expand its crypto services business in the coming years. They have partnered with Paxos Trust Company to kickstart crypto services on its platform. It is also planning to aggressively promote its mobile peer to peer payment application, Venmo, in the next year. It is currently used b y more than 28 million merchants across the globe, with 361 million active accounts. PayPal is also planning to acquire Bitgo, a digital asset trust company in its intent to bring cryptocurrency to the mainstream economy, in what could prove to be a tipping point for mass adoption. With central banks all over the world planning to issue their own digital currencies, PayPal plans to support their efforts and encourage merchants to accept digital currencies fo...