(Reuters) – Payments firm PayPal is facing a system issue that may be affecting multiple products, it said on Thursday.
The outage comes on a day bitcoin, the world’s largest cryptocurrency, has surged to levels to over $98,000 and pulled other crypto stocks along with it. PayPal allows its clients to buy, sell and hold cryptocurrency.
Exchanges Coinbase and Kraken also posted about outages with PayPal transactions and deposit delays, respectively, on their website.
PayPal did not immediately respond to a Reuters request for additional comment.
(Reporting by Arasu Kannagi Basil and Pritam Biswas in Bengaluru; Editing by Krishna Chandra Eluri)
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