PayPal Introduces Pay with Crypto Service

In a groundbreaking move, PayPal has unveiled its Pay with Crypto service, enabling merchants worldwide to accept payments in more than 100 cryptocurrencies. This innovative tool, compatible with wallets such as Coinbase and MetaMask, promises to transform the way businesses and consumers engage in digital transactions.

Benefits for Merchants and Consumers

With features like instant crypto to stablecoin or fiat conversion and a flat fee of just 0.99%, PayPal is setting a new standard for international transactions, potentially reducing costs by up to 90%. Merchants in the US will be the first to access this service in the coming weeks, with support for major cryptocurrencies including BTC, ETH, USDT, XRP, and BNB.

Unlocking a $3 Trillion Market

This initiative not only simplifies payments but also opens up a $3 trillion market to businesses of all sizes, connecting them with over 650 million crypto users globally. Additionally, funds held in PYUSD on PayPal will enjoy an annual growth rate of 4%, offering an attractive incentive for users.

Leadership Vision

"Businesses of all sizes face incredible pressure when growing globally," stated PayPal CEO Alex Chriss. "Today, we're removing these barriers and helping every business of every size achieve their goals... These innovations don't just simplify payments—they drive merchant growth, expand consumer choice, and reduce costs."