PayPal has unveiled its new "Pay with Crypto" service, enabling U.S. merchants to accept payments in over 100 cryptocurrencies.
The platform automatically converts these funds into U.S. dollars or PayPal’s own stablecoin, PYUSD, offering a seamless transition for businesses.
The company highlights that this service will accelerate international transactions for U.S. businesses while slashing merchant processing fees. With a transaction fee set at 0.99%, PayPal positions itself as a cost-effective alternative to traditional bank card processing, which often carries higher rates.
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Expected to support authorization through popular crypto wallets like Phantom, MetaMask, and others, "Pay with Crypto" aims to simplify the integration of digital currencies into everyday commerce. This move reflects PayPal’s broader push to bridge the gap between cryptocurrency and mainstream financial systems, potentially reshaping how U.S. businesses handle global payments.
Author: Slava Vasipenok
Founder and CEO of QUASA (quasa.io) - Daily insights on Web3, AI, Crypto, and Freelance. Stay updated on finance, technology trends, and creator tools - with sources and real value.
Innovative entrepreneur with over 20 years of experience in IT, fintech, and blockchain. Specializes in decentralized solutions for freelancing, helping to overcome the barriers of traditional finance, especially in developing regions.
This is not financial or investment advice. Always do your own research (DYOR).
