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PayPal has introduced its first cryptocurrency sweepstakes in the U.S., offering Bitcoin prizes to customers through December 21. Participants earn one entry per crypto transaction, with a maximum of 10 entries per week, excluding PYUSD transactions. Weekly prizes include one top prize, five substantial prizes, and 162 smaller Bitcoin amounts. Winners must claim their prizes within five business days and are responsible for tax reporting. This initiative aims to enhance crypto adoption via PayPal's platform, which currently supports six cryptocurrencies, including Bitcoin, Ether, and Litecoin.

BTC+1.12%ETH+1.34%LTC+0.46%PYUSD-0.02%

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