PayPal Enables 100+ Crypto Payments for U.S. Businesses
Quick Take:
- PayPal’s ‘Pay with Crypto’ launches soon
- Accepts BTC, ETH, XRP, SOL, stablecoins & more
- Cuts cross-border fees by up to 90%
- Auto-converts to PYUSD, then USD for merchants
- Supports top wallets like MetaMask, Phantom, Coinbase, Kraken, OKX
- 0.99% fee in year one, then 1.5%
A Cheaper, Faster Way to Pay Globally
PayPal is stepping up its crypto game with “Pay with Crypto,” a checkout option that will let merchants accept over 100 different cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and stablecoins like USDC and USDT.
This new feature is expected to roll out in the coming weeks, and it’s built to solve two big problems for global businesses: expensive cross-border payments and complex payment setups.
With Pay with Crypto, customers can pay using popular crypto wallets like MetaMask, Phantom, Coinbase, Kraken, Binance, and OKX. At checkout, the crypto is automatically converted into PayPal’s stablecoin PYUSD, and then into U.S. dollars for the merchant, making the transaction fast and simple.
“We’re removing barriers and helping every business grow globally,” said PayPal CEO Alex Chriss.
During the first year, PayPal will charge a 0.99% transaction fee, which will later increase to 1.5%. Even then, it’s still much cheaper than most international credit card fees.
Real Crypto Use in the Real World
This is another major step in PayPal’s growing crypto roadmap. Since 2020, PayPal has allowed users to buy and hold crypto. In 2023, it launched PYUSD, which has since become the 12th largest stablecoin, with nearly $900 million in circulation.
Now, with Pay with Crypto, real-world crypto payments are becoming more accessible, and that could drive increased usage of BTC, ETH, XRP, SOL, USDC, and more.
What It Means for the Market:
- Wider adoption of crypto as a payment method
- Higher demand for popular tokens, especially those suited for payments
- A boost to PYUSD’s utility and growth
- Stronger case for crypto as part of mainstream finance
This comes at a time when overall market sentiment is already heating up, especially with expectations of a Spot Bitcoin ETF approval next month.
