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.
Also read:
- The Mighty Are Changing Their Tune: A Shift on Bitcoin
- Tea App Scandal Deepens: Leaked Database Fuels Controversial "Spilled Tea" Website
- ChatGPT Agent Masters Cloudflare Protection: Screenshots Reveal Human-Like Behavior
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.
