PayPal To Launch ‘Pay With Crypto’ For 100 Tokens, Including BTC, ETH, And XRP, Bridging US Merchants To $3.9T Crypto Economy

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Payments giant PayPal will roll out within weeks a new “Pay with Crypto” feature that will let US merchants accept payments in over 100 cryptocurrencies, including Bitcoin, Ethereum, Solana, and XRP.

It said in a July 28 announcement that it will seamlessly integrate with top wallets like MetaMask, Coinbase Wallet, Kraken, OKX, Binance, Exodus, and Phantom.

The move positions PayPal as a major gateway between traditional commerce and the $3.9 trillion crypto economy, bridging it to a global user base of over 650 million.

Transactions made in crypto will be instantly converted to fiat or PayPal’s PYUSD stablecoin at checkout, ensuring a smooth experience for merchants and consumers alike, it said.

PayPal

PayPal To Make Cross Border Payments 90% Cheaper

With the new tool, PayPal aims to address issues that businesses of all sizes from across the globe face, including “increased costs for accepting international payments to complex integrations.”

It said it will slash transaction costs by “up to 90%” compared to international credit card processing channels.

The new tool will unlock additional perks as well, like increased profit margins, “near instant access to proceeds,” as well as the option to grow funds in PYUSD held on PayPal at 4%.

Transactions made in crypto will automatically be converted into either PayPal’s PYUSD stablecoin or fiat currency at check out, the announcement said. 

PYUSD Gains Amid Regulatory Clarity In The US

PayPal’s move is strategic, as the company looks to accelerate the adoption of its PYUSD product. 

Since the start of the year, the stablecoin’s market cap has soared nearly 80%. During this period, it rose from about $497 million to $894 million, per data from CoinGecko. 

PayPal’s new crypto tool also comes amid growing regulatory clarity in the US under Donald Trump’s administration. On July 18, the US President signed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which establishes a regulatory framework for USD-pegged stablecoins. 

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