CandleFocus PayPal Restores Services After Two-Hour Global Outage Disrupting Crypto and Venmo
2024-11-21
Author: Content Editor
Payments firm PayPal experienced a global outage that lasted for nearly two hours on Thursday. The disruption affected various PayPal products, including cryptocurrency services, causing delays and issues for crypto exchanges Coinbase and Kraken. The outage coincided with a surge in bitcoin's price, reaching over $98,000. PayPal confirmed that the issue had been resolved by 1259 GMT.
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