Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
PayPal launches Bitcoin sweepstakes for US customers through December

PayPal launches Bitcoin sweepstakes for US customers through December

Crypto.NewsCrypto.News2025/11/25 16:00
By:By Caroline ÁlvarezEdited by Anthony Patrick

PayPal has announced a cryptocurrency sweepstakes offering Bitcoin prizes to customers in the U.S., the company stated.

Summary
  • PayPal launches its first U.S. cryptocurrency sweepstakes.
  • Entry is tied to crypto transactions, with users earning one entry per transaction (up to 10 per week).
  • Promotion aims to boost crypto adoption, leveraging PayPal’s existing platform that supports six cryptocurrencies.

The promotion will award one top Bitcoin prize, five substantial Bitcoin prizes, and 162 smaller Bitcoin amounts to participants, according to the company’s announcement. Prizes will be distributed weekly through December 21.

Users receive one entry for each cryptocurrency transaction completed on the PayPal platform, with a maximum of 10 entries per week, the company said. Transactions involving the PYUSD stablecoin do not qualify for entries. U.S.-based customers may also enter without purchase by mail, according to the sweepstakes rules.

Winners will be notified by email and must respond within five business days, PayPal stated. Under U.S. law, prize recipients are responsible for applicable taxes and must report winnings to the Internal Revenue Service.

The promotion marks the first cryptocurrency giveaway launched by PayPal, according to industry observers. The company has positioned itself as an early adopter of digital asset services among major payment platforms, offering crypto features to its user base.

PayPal currently provides access to six cryptocurrencies through its platform: Bitcoin, Ether, Litecoin, Solana, Chainlink, and its proprietary PYUSD stablecoin . The selection is more limited than major cryptocurrency exchanges, primarily due to regulatory considerations, according to industry analysts.

The company’s existing infrastructure allows cryptocurrency to be used for purchases with millions of merchants, giving it an established position in the crypto payments sector.

PayPal’s cryptocurrency services are currently available for purchase in a limited number of countries, though the company has indicated plans to expand to additional markets. This represents a more restricted geographic footprint compared to competitors such as Coinbase, which operates in numerous countries globally.

Coinbase CEO Brian Armstrong has publicly stated that expanding stablecoin adoption as a mainstream payment method is a company priority.

Security experts caution that fraudulent Bitcoin giveaway schemes remain common in the cryptocurrency space. Phishing attacks, where scammers impersonate legitimate websites and services, continue to pose risks to users, according to cybersecurity professionals.

Industry analysts note that promotional campaigns can serve as tools for increasing cryptocurrency adoption by encouraging new users to establish digital wallets and learn about blockchain technology.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Australia’s Cryptocurrency Regulations Set to Unlock $24 Billion in Value While Enhancing Investor Protections

- Australia introduces 2025 Digital Assets Framework Bill to unlock $24B productivity gains while imposing strict client asset safeguards. - Legislation creates two new crypto financial product categories under Corporations Act, requiring AFSL licensing for platforms and tokenized custody services. - Exemptions for small operators (<$10M volume) balance innovation with regulation, aligning with global trends like U.S. GENIUS Act and SEC's Project Crypto. - Industry debates regulatory proportionality as Aus

Bitget-RWA2025/11/27 06:30
Australia’s Cryptocurrency Regulations Set to Unlock $24 Billion in Value While Enhancing Investor Protections

Nexton Connects Traditional Veterinary Clinics with Modern Technology Through $4M AI Investment

- Nexton Solutions secures $4M to launch PetVivo.ai, an AI platform slashing veterinary client acquisition costs by 50–90%. - Beta results show 47 new clients per practice in six months, with a $42.53 CAC—far below industry averages. - Targeting 30,000 U.S. practices, it projects $12M ARR in Year 1, scaling to $360M by Year 5 with SaaS margins of 80–90%. - Strategic AI alliances, like C3.ai-Microsoft and Salesforce’s AI CRM focus, highlight the sector’s growth potential.

Bitget-RWA2025/11/27 06:30
Nexton Connects Traditional Veterinary Clinics with Modern Technology Through $4M AI Investment

Bitcoin News Today: Nasdaq Promotes IBIT Options to Premier Gold Standard Liquidity Level

- Nasdaq ISE proposes quadrupling IBIT options limits to 1M contracts, aligning with high-liquidity ETFs like EEM and GLD . - Current 250K contract cap hinders institutional strategies; IBIT now leads Bitcoin options by open interest, surpassing Deribit. - Proposal includes removing FLEX IBIT position limits, enabling customized hedging for large funds, with experts calling it "routine" for high-volume assets. - SEC's December 17 comment deadline precedes potential approval, which could accelerate Bitcoin'

Bitget-RWA2025/11/27 06:30
Bitcoin News Today: Nasdaq Promotes IBIT Options to Premier Gold Standard Liquidity Level

XRP News Today: XRP ETF Inflows Surpass Bitcoin Withdrawals Amid Changing Institutional Investment

- XRP ETFs absorbed 80M tokens in 24 hours, driven by institutional/retail demand, pushing AUM to $778M and outpacing Bitcoin outflows. - Grayscale's GXRP and Franklin Templeton's XRPZ led with $67.4M and $62.6M inflows, capitalizing on Ripple's $125M SEC settlement enabling spot ETFs. - ETFs pressured XRP's circulating supply, signaling confidence in its cross-border payment utility while technical indicators show cautious price recovery potential. - Market divides persist between ETF liquidity and direct

Bitget-RWA2025/11/27 06:30
XRP News Today: XRP ETF Inflows Surpass Bitcoin Withdrawals Amid Changing Institutional Investment