PayPal has announced the introduction of its “Pay with Crypto” service, enabling businesses to accept payments in over 100 cryptocurrencies. This strategic move positions PayPal at the forefront of digital payment innovation, providing merchants with access to a global customer base and increasing flexibility in transaction options.

The “Pay with Crypto” feature will be available to U.S. merchants in the coming weeks, supporting popular digital assets such as Bitcoin, Ethereum, Solana, USDT, USDC, and integrating with leading wallets including Coinbase, MetaMask, and others. This broad compatibility opens new revenue streams for merchants by tapping into a market of more than 650 million crypto users globally.

One of the primary advantages of this offering is its cost-effectiveness for cross-border payments. PayPal states that its crypto payment service will reduce transaction fees by up to 90% compared to traditional international credit card processing. Businesses will be able to realize immediate access to their proceeds and benefit from significantly lower costs, improving profit margins and eliminating many of the customary barriers associated with global expansion.

In addition to crypto acceptance, the platform allows businesses to store funds in PayPal’s U.S. dollar stablecoin (PYUSD), earning a yield of 4% when held on the platform. This feature supports both liquidity management and potential yield enhancement, further driving value for merchants.

PayPal’s move not only responds to the evolving demands of consumers and businesses but also signals a broader shift towards the integration of digital assets in mainstream commerce. By bridging fiat and digital currencies, PayPal is transforming global payment infrastructure, streamlining operations for merchants of all sizes, and reinforcing its position as a leader in digital payments innovation.