PayPal has taken a decisive step toward the future of digital commerce with the launch of “Pay with Crypto,” a new payment feature that allows merchants to accept over 100 cryptocurrencies at checkout. Initially rolling out to U.S. merchants, the feature is set to expand internationally, offering businesses a simpler and more cost-efficient way to tap into the booming $3+ trillion global cryptocurrency market.
Bridging Traditional and Digital Payments
The “Pay with Crypto” feature integrates seamlessly with popular digital wallets like Coinbase, MetaMask, Exodus, OKX, and Kraken, enabling consumers to pay with leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), XRP, Solana (SOL), and BNB. Once a customer selects a cryptocurrency at checkout, PayPal instantly converts the payment into its PYUSD stablecoin or fiat currency. Merchants then receive funds in their preferred currency, bypassing exchange-rate complexities and settlement delays.
This innovation solves a longstanding pain point for businesses: high fees and slow settlements in cross-border transactions. By leveraging instant crypto-to-stablecoin conversion, PayPal is reducing transaction fees by up to 90% compared to traditional international credit card processing, charging a promotional 0.99% transaction rate for the first year.
Unlocking Global Growth for Merchants
PayPal’s new offering is not just about accepting crypto—it is a gateway to global expansion. With over 650 million crypto users worldwide, businesses of all sizes can access new markets without the usual friction of currency conversions or banking restrictions. A merchant in Oklahoma City, for example, can now sell to a customer in Guatemala using crypto, enjoy near-instant settlement, and even earn interest on PYUSD funds held within PayPal.
“Businesses of all sizes face incredible pressure when growing globally, from increased costs for accepting international payments to complex integrations,” said Alex Chriss, President and CEO of PayPal. “Today, we’re removing these barriers and helping every business of every size achieve their goals.”
This initiative also complements PayPal’s broader vision of borderless commerce. The company recently launched PayPal World, a platform that unites five of the world’s largest digital wallets, and signed an agreement with Fiserv to expand stablecoin utility for business transactions worldwide.
Driving Crypto Adoption and Merchant Efficiency
By streamlining crypto payments, PayPal is not only boosting merchant profitability but also accelerating mainstream cryptocurrency adoption. Customers benefit from diverse payment options, while businesses gain operational efficiency and new revenue streams. For freelancers and vendors, the platform also enables faster and lower-cost payouts using PYUSD.
“Pay with Crypto” marks a significant step toward inclusive, frictionless commerce. By combining digital currencies, stablecoins, and global wallets into one ecosystem, PayPal is bridging the gap between traditional finance and the crypto economy. As the feature scales to larger enterprises and international markets, it could redefine how businesses and consumers interact in a borderless digital world.
With lower fees, instant settlements, and a vast network of crypto users, PayPal is positioning itself as a leader in the evolving landscape of digital payments—ushering in a future where global commerce is truly seamless.
