28.07.2025 14:59
PayPal has unveiled "Pay with Crypto," a groundbreaking service allowing US merchants to accept over 100 different cryptocurrencies, including prominent options like Bitcoin, Ethereum, and Solana, as well as numerous stablecoins. This innovative solution offers near-instant conversion to fiat currency or stablecoins, significantly streamlining the payment process for businesses.
The integration of this service marks a pivotal moment, connecting US businesses to the massive global cryptocurrency market, estimated at over $4 trillion and encompassing more than 650 million users. This development comes on the heels of recent positive regulatory shifts in the US, further fueling the growing adoption of digital assets.
Merchants benefit from dramatically reduced transaction costs, experiencing savings of up to 90% compared to traditional methods. A remarkably low 0.99% transaction fee is applied for automatic conversion of received cryptocurrencies into stablecoins or fiat, eliminating complexities and delays associated with international payments.
This new functionality directly addresses the challenges faced by businesses operating internationally. High fees, cumbersome banking regulations, and prolonged settlement times have historically hampered global growth for many companies. PayPal's solution aims to alleviate these hurdles, facilitating smoother international transactions and fostering expansion into new markets.
According to PayPal CEO and President Alex Chriss, this initiative dismantles existing barriers to global growth for businesses of all sizes. By offering a simplified and cost-effective payment system, PayPal empowers businesses to overcome the complexities of international commerce and reach their full potential within an increasingly interconnected world. The elimination of traditional pain points within international payment systems promises to significantly reduce the billions of dollars lost annually due to delays, fluctuating exchange rates, and high credit card fees. The inclusion of this technology within PayPal's already vast financial infrastructure is a significant step towards a more seamless and efficient global marketplace.
