In December, PayPal will roll out access to cryptocurrency services across the United States, with availability for users in other countries in the first half of 2021, according to PayPal CEO Dan Schulman, Fortune reports.
PayPal customers will be able to use cryptocurrency to pay for goods and services at 26 million points of sale that operate on the company’s platform, Schulman explained.
According to him, interest in cryptocurrencies has surpassed the company’s expectations by two to three times.
He also said that PayPal will raise the weekly limit for purchasing cryptocurrencies from $10,000 to $15,000.
Schulman noted that the company could begin working with central bank digital currencies (CBDCs). In his view, their launch is only a matter of time.
PayPal announced the launch of the ability to buy, sell and store bitcoin and other cryptocurrencies in October.
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