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PayPal outage affects thousands worldwide
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PayPal outage affects thousands worldwide
Nov 21, 2024 5:33 AM

(Reuters) -Payments firm PayPal ( PYPL ) 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 ( PYPL ) allows its clients to buy, sell and hold cryptocurrency.

Exchanges Coinbase and Kraken also posted about outages with PayPal ( PYPL ) transactions and deposit delays, respectively, on their website.

PayPal ( PYPL ) did not immediately respond to a Reuters request for additional comment.

Downdetector, which collates status reports from a number of sources, said there were nearly 9,000 user reports of problems with PayPal ( PYPL ) transactions as of 1226 GMT.

"Our technical teams are actively working towards resolving the issue," PayPal ( PYPL ) said on its website.

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