PayPal launches ‘Pay with Crypto’

In a bold step toward mainstream crypto adoption, PayPal has unveiled “Pay with Crypto”, a new service enabling US merchants to accept payments in over 100 cryptocurrencies.

PayPal launches ‘Pay with Crypto’

The feature aims to eliminate long-standing inefficiencies in cross-border commerce, offering near-instant conversion from crypto to stablecoin or fiat, and cutting international transaction costs by up to 90%.

At the core of this new offering is PayPal’s ambition to modernise global payments by integrating digital assets into everyday commerce.

Merchants using the platform will now be able to accept leading cryptocurrencies such as Bitcoin, Ethereum, USDC, and Solana via wallets like Coinbase, MetaMask, Binance, and Kraken.

Crucially, these payments will be instantly converted into either fiat or PayPal’s own stablecoin, PYUSD, mitigating the volatility traditionally associated with crypto transactions.

“With ‘Pay with Crypto’, we are tearing down barriers to international growth,” said Alex Chriss, CEO of PayPal.

“From freelancers in Nigeria to retailers in the American Midwest, businesses can now transact globally with greater ease, lower cost, and increased speed.”

The innovation promises to dramatically alter the economics of global trade. International card processing typically commands fees in excess of 3%, while PayPal’s new crypto-based solution offers a standard rate of just 0.99%.

For merchants, this not only enhances profit margins but provides near-instant access to funds.

Those choosing to retain their earnings in PYUSD will also benefit from a 4% yield when held on the PayPal platform.

The launch follows PayPal’s broader push into digital finance, including its recent partnership with Fiserv and the debut of “PayPal World” – a global initiative unifying five major digital wallets on a single platform.

‘Pay with Crypto’ will be rolled out to US merchants in the coming weeks, covering 90% of the global crypto market capitalisation.

By enabling seamless, low-cost payments across borders, PayPal is positioning itself at the forefront of borderless commerce—offering a compelling vision for the future of international trade, where digital assets are both a medium of exchange and a strategic tool for growth.