Is PayPal allowed in Spain?

Could you please clarify for me if PayPal is indeed permitted for use in Spain? I've heard conflicting reports and am trying to sort out the truth. Given the widespread popularity of online transactions and digital payments nowadays, it seems logical that PayPal, a globally recognized brand, would be accepted. However, I understand that each country has its own set of regulations and policies surrounding financial services. So, is PayPal allowed in Spain, and if so, are there any specific conditions or limitations that users should be aware of? Your insights would be greatly appreciated.