PayPal Screws Up Its Cryptocurrency Service, Causing a Price Plunge

Recently, the payment merchant PayPal entered the cryptocurrency industry by having launched a buy and sell services. The service was launched to all United States users on November 13, and went ahead to upsurge the weekly cryptoasset purchase limit from $10k to 20k, in order to meet high demand, according to the report by CoinIdol, a world blockchain news outlet.

In order to capitalize on the nascent mushrooming cryptoasset payments market, the service does not charge any money on those users who are just holding, buying and selling cryptocurrencies. The user is still seeking an explanation from the technical team of PayPal – but up to now, no appeal, no consideration, no clear explanation from the firms’ crypto service.

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