29.07.2025 23:00
PayPal has officially launched its "Pay with Crypto" feature, enabling US merchants to accept payments in over 100 cryptocurrencies. This innovative service encompasses a wide range of digital assets, from prominent cryptocurrencies like Bitcoin and Ethereum to stablecoins such as USDT, USDC, and XRP. The platform aims to revolutionize international trade by significantly reducing transaction fees and accelerating settlement times.
Merchants can now seamlessly receive crypto payments from popular wallets including MetaMask, Coinbase, Kraken, and Binance. Crucially, all transactions are automatically converted into US dollars or PayPal's own stablecoin, PYUSD, eliminating the need for businesses to manage cryptocurrency holdings directly and shielding them from the inherent volatility of the crypto market. This streamlined process, coupled with a highly competitive 0.99% transaction fee – a stark contrast to traditional credit card processing fees often exceeding 2% – positions PayPal as an attractive and cost-effective alternative.
PayPal CEO Alex Chriss highlighted the strategic importance of this launch, targeting a substantial $3 trillion cryptocurrency market and over 650 million global crypto users. In Chriss's words, the initiative aims to dismantle barriers to global growth, facilitating connections between merchants and buyers across international borders. Furthermore, the system offers near-instant access to funds and provides merchants with enticing annual rewards of up to 4% when holding PYUSD balances within the PayPal platform, creating an additional incentive and bolstering business profitability. This launch also complements the expansion of PayPal World, a global initiative unifying leading digital wallets worldwide.
This "Pay with Crypto" feature represents a significant stride towards mainstream cryptocurrency adoption. By supporting over 100 tokens and directly integrating with major digital wallets, PayPal is dramatically simplifying international payments, a historically complex and costly process. As global regulatory frameworks evolve to accommodate cryptocurrencies, PayPal's initiative could serve as a model for other fintech companies, demonstrating how innovation can be effectively harnessed to support small and medium-sized enterprises within the digital economy.
The implications of PayPal's move are far-reaching, promising to reshape global e-commerce. From a Guatemalan consumer purchasing goods from an Oklahoman seller to multinational corporations expanding their market reach, crypto payments via PayPal are poised to redefine the landscape of online transactions. This development underscores the growing convergence of cryptocurrency technology and real-world utility.
