Nov 21 (Reuters) - Payments firm PayPal ( PYPL ) said on

Thursday it had resolved an issue that led to a global outage

affecting thousands of users for nearly two hours.

The company experienced a system issue that affected

multiple products including account withdrawals, peer-to-peer

payment service Venmo, online checkout and crypto.

PayPal ( PYPL ) said the issue, which started at 1053 GMT, had

been resolved as of 1259 GMT.

Exchanges Coinbase and Kraken had also posted about

outages with PayPal ( PYPL ) transactions and deposit delays,

respectively, on their websites.

The outage occurred 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 ( PYPL ) allows its clients to buy, sell and hold

cryptocurrency.

Downdetector, which tracks user-submitted reports, had said

there were nearly 9,000 reports of problems with PayPal ( PYPL )

transactions as of 1226 GMT.