PayPal Restores Services After Two-Hour Global Outage Disrupting Crypto and Venmo

Payments firm PayPal (PYPL.O) announced it had resolved a
global outage that disrupted services for nearly two hours today (Thursday).
The issue began at 1053 GMT.

It affected multiple PayPal products, including account
withdrawals, the Venmo peer-to-peer payment service, online checkout, and
cryptocurrency services. By 1259 GMT, PayPal confirmed that the issue had been
resolved.

PayPal Outage Disrupts Crypto Services

During the outage, crypto exchanges Coinbase and Kraken
reported issues, including delays with PayPal transactions and deposits. The
disruption coincided with a surge in bitcoin’s price, which reached over
$98,000.

PayPal enables users to buy, sell, and hold cryptocurrency.
According to Downdetector, there were almost 9,000 user reports of problems by
1226 GMT.

Payments firm PayPal (PYPL.O) announced it had resolved a
global outage that disrupted services for nearly two hours today (Thursday).
The issue began at 1053 GMT.

It affected multiple PayPal products, including account
withdrawals, the Venmo peer-to-peer payment service, online checkout, and
cryptocurrency services. By 1259 GMT, PayPal confirmed that the issue had been
resolved.

PayPal Outage Disrupts Crypto Services

During the outage, crypto exchanges Coinbase and Kraken
reported issues, including delays with PayPal transactions and deposits. The
disruption coincided with a surge in bitcoin’s price, which reached over
$98,000.

PayPal enables users to buy, sell, and hold cryptocurrency.
According to Downdetector, there were almost 9,000 user reports of problems by
1226 GMT.

This post is originally published on FINANCEMAGNATES.

  • Related Posts

    “Top Traders Master One Instrument”: Lessons from BK Trader’s Co-Founder

    Kathy Lian, Co-Founder of BKTraders and author of Prop Trading Secrets, offered a measured assessment of proprietary trading’s development, challenges, and outlook in an interview with Finance Magnates’ Jeff Patterson.…

    More Firms Caught Promoting Unauthorized Investments in WhatsApp Groups, German Watchdog Warns

    The German financial regulator BaFin has launched an investigation into Aurealis Capital and Minexra for allegedly offering unauthorized financial and crypto services through WhatsApp groups aimed at German investors. According…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    “Top Traders Master One Instrument”: Lessons from BK Trader’s Co-Founder

    • July 22, 2025
    “Top Traders Master One Instrument”: Lessons from BK Trader’s Co-Founder

    Gold Pauses Below $2500 After Powell’s Rate Comments

    • July 22, 2025
    Gold Pauses Below $2500 After Powell’s Rate Comments

    What Is Trade De-Dollarization and How Does It Affect Forex?

    • July 22, 2025
    What Is Trade De-Dollarization and How Does It Affect Forex?

    More Firms Caught Promoting Unauthorized Investments in WhatsApp Groups, German Watchdog Warns

    • July 22, 2025
    More Firms Caught Promoting Unauthorized Investments in WhatsApp Groups, German Watchdog Warns