PayPal (PYPL) is rolling out its "Pay with Crypto" feature for U.S. merchants in the coming weeks, enabling acceptance of over 100 cryptocurrencies to reduce cross-border transaction fees by up to 90%. The service supports major assets like Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL), and stablecoins including USDC, USDT, and PayPal's native PYUSD—covering approximately 90% of the total crypto market cap.
Merchants receive near-instant USD settlements at a 0.99% service fee, significantly undercutting traditional credit card processing costs. CEO Alex Chriss emphasized the solution addresses global commerce barriers, citing examples like a Guatemalan shopper paying an Oklahoma merchant: "Businesses can accept crypto, increase profit margins, pay lower fees, access proceeds instantly, and earn 4% yield on PYUSD balances held with PayPal."
The platform integrates with wallets like MetaMask, Coinbase, Phantom, and Exodus, plus exchanges including Binance, Kraken, and OKX. PayPal aims to tap into 650+ million crypto users worldwide, positioning the move as part of its broader digital asset strategy following recent stablecoin partnerships with Fiserv and Venmo.
