PayPal embraces Crypto at full scale
In a major leap toward mainstream crypto adoption, PayPal is rolling out a new platform allowing U.S.-based merchants to accept payments in over 100 different cryptocurrencies. The move positions PayPal to tap into a digital asset market estimated to be worth between $3 and $4 trillion.
The new service, called Pay with Crypto, isn’t just about Bitcoin and Ethereum. It also supports a wide range of major digital assets like USDT, USDC, XRP, BNB, and Solana, with more to come. The feature will integrate with popular wallets, including Coinbase, MetaMask, Binance, OKX, Kraken, Phantom, and Exodus, allowing users to pay with assets they already hold.
For businesses, PayPal is making a bold promise: lower fees, quicker payouts, and access to a huge, global crypto-savvy audience. Merchants using the service can settle funds in PYUSD, PayPal’s own U.S. dollar-backed stablecoin, which currently earns 4% APY when held on the platform.
An introductory 0.99% transaction fee will apply for the first year, rising to 1.5% after that period, which is still a fraction of the cost many businesses pay for processing cross-border credit card payments. “This is about giving businesses more control over how they get paid,” said PayPal CEO Alex Chriss. “Crypto can cut costs, speed up settlement times, and help businesses reach new customers worldwide.”
This announcement comes hot on the heels of PayPal’s launch of PayPal World, a new global payment framework that aims to simplify international transactions. That platform already supports major wallets in the U.S., China, India, and Mexico.
PayPal’s push into crypto payments isn’t happening in isolation. Stripe, one of its biggest rivals in the payments space, confirmed in June 2025 that it would also support USDC payments on Shopify, citing a staggering $94 billion in stablecoin transactions processed globally in the past two years.
