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Paypal ignites U.S. merchant adoption with instant crypto payments, cutting transaction fees by up to 90% and unlocking access to 650 million users in the $3 trillion crypto market.
Paypal Lights up US Merchants With Instant Crypto Payments and 650M Reach
Payments giant Paypal announced on July 28 that it is launching Pay with Crypto, a new service designed to reduce international payment costs and open access to a multi-trillion-dollar crypto economy. “Today, Paypal is simplifying cross-border commerce for merchants by connecting an unmatched combination of cryptocurrencies, digital wallets, and merchants worldwide, while simultaneously reducing transaction fees by up to 90%,” the company stated. The rollout allows U.S. merchants to accept digital assets across more than 100 wallets and currencies and provides conversion into stablecoin or fiat in real time.
This move grants merchants access to a rapidly growing market with over 650 million crypto users. Paypal explained:
Pay with Crypto, powered by Paypal, connects merchants to a $3+ trillion market, by enabling instant crypto to stablecoin or fiat conversion.
“Supporting transactions across 100+ cryptocurrencies and wallets such as Coinbase and Metamask, the solution expands merchant revenue opportunities and taps into a global base of more than 650 million crypto users,” the payments giant added.
The platform also enables sellers to earn up to 4% rewards on funds stored as PYUSD, Paypal’s U.S. dollar-backed stablecoin. Paypal CEO Alex Chriss emphasized the real-world impact of the service on merchants seeking to reach new customers internationally while avoiding high credit card fees.
Further expanding its crypto footprint, the company confirmed: “Pay with Crypto, powered by Paypal, will be available to U.S. merchants in the coming weeks.” Noting that the new service covers “90% of the $3+ trillion crypto market cap,” Paypal emphasized:
Pay with Crypto offers the ability to pay with 100 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.
While the offering promises increased efficiency and global reach, Paypal also acknowledged unresolved regulatory hurdles and the absence of FDIC or SIPC insurance. Advocates maintain that despite these risks, Paypal’s service marks a decisive shift toward mainstream adoption of crypto payments.