PayPal is making a significant move to integrate cryptocurrency into everyday transactions with its new “Pay with Crypto” feature. This innovative payment option, set to roll out to U.S. merchants in the coming weeks, will enable businesses to accept over 100 different cryptocurrencies, encompassing a vast 90% of the $3+ trillion crypto market cap. This includes major digital assets like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), XRP, BNB, Solana, and USDC.
“Pay with Crypto” will allow seamless connections with popular crypto wallets such as Coinbase, OKX, Binance, Kraken, Phantom, MetaMask, and Exodus, with more integrations planned for the future.
According to PayPal, this new crypto solution offers substantial benefits for merchants, particularly in cross-border payments. It promises to drastically reduce transaction fees by up to 90% when compared to traditional credit card fees.
Alex Chriss, President and CEO of PayPal, highlighted the platform’s goal: “Businesses of all sizes face incredible pressure when growing globally, from increased costs for accepting international payments to complex integrations. Today, we’re removing these barriers and helping every business of every size achieve their goals.” He illustrated this with an example: a U.S. merchant could accept crypto from an international buyer, benefiting from increased profit margins, lower fees, near-instant access to funds, and the option to hold proceeds as PYUSD earning 4-5% interest on PayPal.
The platform ensures instant conversion of crypto to stablecoins or fiat currency, further streamlining the payment process for merchants and customers alike. This initiative marks a significant step towards wider adoption of digital assets in the global commerce landscape.
July 2025, Cryptoniteuae
