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PayPal Launches U.S. Bitcoin Sweepstakes to Boost On-Platform Crypto Use

Entries come from qualifying crypto transactions with weekly prizes through December 21.

Overview

  • Users earn one entry per eligible cryptocurrency transaction on PayPal, capped at 10 entries per week.
  • Transactions using PYUSD do not count toward entries, and U.S. customers may also enter by mail without purchase.
  • The promotion will award one top Bitcoin prize, five larger awards, and 162 smaller amounts, with distributions each week through December 21.
  • Winners will be notified by email and must respond within five business days, and recipients are responsible for reporting taxes on prizes.
  • PayPal currently supports Bitcoin, Ether, Litecoin, Solana, Chainlink, and PYUSD, with coverage noting a narrower geographic footprint than major exchanges.