PayPal has announced Pay with Crypto, powered by PayPal. The service connects merchants to a $3+ trillion market by enabling instant crypto to stablecoin or fiat conversion. The service will support transaction across 100+ cryptocurrencies.
Pay with Crypto will be available to U.S. merchants in the coming weeks. Pay with Crypto offers the ability to pay with cryptocurrencies including BTC, ETH, USDT, XRP, BNB, Solana, USDC and many others and connect wallets including Coinbase, OKX, Binance, Kraken, Phantom, MetaMask, and Exodus with more to come.
Pay with Crypto decreases the cost of transactions by up to 90% when compared to international credit card processing.
“Businesses of all sizes face incredible pressure when growing globally, from increased costs for accepting international payments to complex integrations. Today, we’re removing these barriers and helping every business of every size achieve their goals,” said Alex Chriss, President and CEO, PayPal. “Imagine a shopper in Guatemala buying a special gift from a merchant in Oklahoma City. Using PayPal’s open platform, the business can accept crypto for payments, increase their profit margins, pay lower transaction fees, get near instant access to proceeds, and grow funds stored as PYUSD at 4% when held on PayPal.”
(source)