PayPal Launches Digital Asset Payment Option for U.S. Merchants

PayPal's new 'Pay with Crypto' feature allows U.S. merchants to accept over 100 cryptocurrencies, significantly reducing transaction fees for cross-border payments.

BTC
ETH
USDT

Summary

PayPal has introduced 'Pay with Crypto,' enabling U.S. merchants to accept over 100 cryptocurrencies like Bitcoin and Ethereum, with a promotional fee of 0.99% for the first year. This service reduces cross-border transaction fees by up to 90% and integrates with major crypto wallets, facilitating seamless payments.

Terms & Concepts
  • Pay with Crypto: A payment feature by PayPal allowing merchants to accept and send payments in cryptocurrencies, converting them to stablecoins or fiat instantly.
  • stablecoins: Cryptocurrencies designed to maintain a stable value by being pegged to a reserve asset, such as fiat currency.
  • PYUSD: PayPal USD, a stablecoin issued by PayPal, which can be used for transactions on the platform.