In brief:
₿- PayPal has expanded its crypto payment services to support small businesses in the U.S.
₿- The new feature aims to simplify global transactions and reduce costs for merchants.
PayPal has rolled out a major update to its platform, allowing small businesses across the United States to accept payments in more than 100 cryptocurrencies, including top names like Bitcoin, Ethereum, and Solana. The new service, called Pay with Crypto, offers merchants the ability to convert digital assets into stablecoins or fiat currencies in real time—making it easier than ever for businesses to tap into the booming crypto economy.
Simplified global commerce with top wallet support
The new development marks another step forward in PayPal’s broader push into digital finance, as it aims to make crypto payments accessible, affordable, and seamless for users and merchants alike.
The new Pay with Crypto feature supports leading crypto wallets, such as Coinbase, Kraken, and MetaMask, allowing users to pay directly through their preferred platforms. Transactions are fast, and fees are lower compared to traditional payment methods.
According to PayPal CEO Alex Chriss, the move eliminates several pain points for growing businesses, especially those operating internationally. “We’re removing these barriers and helping every business of every size achieve their goals,” he said.
Chriss also pointed to PayPal’s broader vision, highlighted by last week’s announcement of PayPal World—a forthcoming global wallet platform that aims to unite major domestic wallets under one digital roof. The innovation could reshape cross-border commerce by simplifying integrations and enhancing interoperability for billions of users.
Merchants earn more and spend less with PYUSD
Merchants who opt to store their funds in PayPal’s native stablecoin, PYUSD, will earn up to 4% interest on their balance. The stablecoin, launched in 2023, has reached over $900 million in market capitalisation. Businesses using PYUSD can also send funds overseas using PayPal’s Xoom service.
The Pay with Crypto initiative is expected to cover around 90% of the entire cryptocurrency market, which CoinGecko estimates is now valued at nearly $4 trillion.
Crypto payments becoming mainstream
PayPal first enabled crypto buying, selling, and holding in 2020, but users couldn’t transfer assets externally. Now, with improved capabilities and expanding merchant tools, the company is positioning itself at the centre of a rapidly evolving financial landscape.
As Chriss explained, “These innovations don’t just simplify payments—they drive merchant growth, expand consumer choice, and reduce costs.”
PayPal stock edged higher on the news, while Bitcoin remained steady at around $118,400.
Stay informed,
Rodcas Consulting Group