28.07.2025 20:04
PayPal has significantly expanded its cryptocurrency offerings, enabling over 100 digital currencies as payment options for US-based businesses. This rollout includes prominent cryptocurrencies such as Bitcoin and Ethereum, but also encompasses less established tokens, demonstrating a broad acceptance of the digital asset landscape.
The new feature, immediately available to all US merchants utilizing PayPal's payment processing services, offers a compelling financial incentive. For the first year, transactions incur a promotional fee of just 0.99%, subsequently rising to 1.5%. This rate undercuts the average credit card processing fee of 1.57% (2024 figures), presenting a cost-effective alternative for small businesses seeking diverse payment methods. Customers seamlessly integrate their existing cryptocurrency wallets directly into the checkout process, streamlining payments.
PayPal's innovative solution facilitates crypto transactions by leveraging established exchanges like Coinbase and Uniswap. The process involves a conversion to PayPal's own stablecoin, PYUSD, before final settlement in US dollars for the merchant. This streamlined approach builds upon the zero-fee PYUSD conversion partnership previously announced between PayPal and Coinbase, highlighting a strategic commitment to digital assets. This renewed push follows a period of reduced crypto activity in 2022 and coincides with the passing of the GENIUS Act, suggesting a more bullish outlook for PayPal's involvement in the cryptocurrency space. The growing cryptocurrency industry has benefited from sustained governmental support for blockchain technology, contributing to increased adoption.
PayPal CEO Alex Chriss illustrated the system's global reach with a simple example: an Oklahoma merchant effortlessly receiving cryptocurrency payments from a Guatemalan customer. This underscores the system's ability to facilitate international transactions leveraging blockchain's inherent capabilities. Building on initial crypto features introduced in 2020 and subsequent expansion to Venmo, this latest development further solidifies PayPal's position in the evolving digital payments landscape. The launch of PYUSD in 2023 plays a pivotal role in this broader strategy.
