PayPal Accelerates Crypto Adoption with New 'Pay with Crypto' Service for 100+ Tokens

The rollout of PayPal's 'Pay with Crypto' feature signals a significant push towards mainstream acceptance of digital currencies, enabling merchants in the U.S. to accept over 100 cryptocurrencies. This platform facilitates international transactions with lower fees and immediate conversion to USD or PYUSD stablecoin, eliminating the need for wallet management or exposure to crypto volatility. With a transaction fee of just 0.99%, it presents a more cost-effective alternative to conventional credit card processing fees, which often surpass 2%. CEO Alex Chriss highlights the move's potential to unlock a $3 trillion crypto market and connect over 650 million users globally, reducing barriers for cross-border commerce. The feature also offers up to 4% annual rewards for merchants holding PYUSD, incentivizing usage and investment. As part of the broader expansion of PayPal World and digital wallet partnerships, this development enhances the practical utility of cryptocurrencies in everyday transactions, reinforcing their role in evolving global payment systems and e-commerce.