PayPal fixes outage that affected thousands worldwide
2024.11.21 08:45
(Reuters) -Payments firm PayPal (NASDAQ:) 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 said the issue, which started at 1053 GMT, had been resolved as of 1259 GMT.
Exchanges Coinbase (NASDAQ:) and Kraken had also posted about outages with PayPal 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 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 transactions as of 1226 GMT.
