PayPal resolves global outage
After nearly two hours of disruption, PayPal has resolved a global outage that disrupted transactions and other services, affecting thousands of users worldwide.
PayPal has restored its services following a global outage that affected thousands of users for nearly two hours on Thursday. The payments giant reported issues across several platforms, including Venmo, cryptocurrency transactions, and online checkout services, starting at 10:53 GMT. By 12:59 GMT, the company confirmed that all systems were back to normal.
The disruption also caused delays for exchanges like Coinbase and Kraken, which rely on PayPal for transactions and deposits. During the outage, nearly 9,000 user complaints flooded Downdetector, highlighting widespread transaction failures.
The timing of the outage coincided with a surge in bitcoin prices, which exceeded $98,000, sparking heightened activity across cryptocurrency markets. PayPal, a major player in digital payments, enables users to buy, sell, and hold cryptocurrencies, amplifying the impact of the temporary breakdown.
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