Cryptocurrency payment option introduced by PayPal, along with a 90% reduction in cross-border transaction fees
PayPal Introduces "Pay with Crypto" Feature for Global Merchants
In a groundbreaking move, PayPal has launched a new service called "Pay with Crypto," enabling global merchants to accept over 100 cryptocurrencies as payments. This innovative feature, launched on July 28, 2025, promises to revolutionize the way businesses handle cross-border transactions.
With "Pay with Crypto," PayPal aims to eliminate bottlenecks by connecting a broad network of cryptocurrencies, digital wallets, and merchants. This near-instant settlement system could potentially slash transaction fees by up to 90%.
The service includes major platforms like Coinbase, Kraken, and MetaMask for digital wallets. This integration ensures a seamless experience for consumers, allowing them to convert their crypto assets into stablecoins and fiat currencies at checkout.
PayPal's president and CEO, Alex Chriss, stated that the company aims to remove barriers for businesses growing globally by introducing the "Pay with Crypto" feature. He believes that this initiative addresses the issue of high cross-border transaction costs, a problem that costs businesses billions annually due to inefficiencies in traditional banking systems for international payments.
Following the announcement, PayPal's stock climbed to $78.22, and its market cap reached $936.6 million. While the response was modest, analysts note that this feature enhances PayPal’s competitive edge and could increase transaction volumes and earnings, attracting institutional investors.
The move by PayPal into cross-border crypto payments signals growing institutional confidence in blockchain-powered solutions. For the broader crypto market, PayPal’s move is seen as a bullish signal for wider crypto adoption. By enabling seamless crypto payments, it could boost everyday crypto usage and trading volumes, potentially pushing prices toward important resistance points.
In addition to "Pay with Crypto," PayPal has also launched a stablecoin, PYUSD, in 2023. This demonstrates the company's commitment to decentralized finance and its vision for the future of digital currencies.
As the world of finance continues to evolve, PayPal's "Pay with Crypto" feature may set the stage for how legacy finance embraces the next wave of digital currency adoption as the ecosystem matures.
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- The "Pay with Crypto" feature, introduced by PayPal, is set to accept more than 100 cryptocurrencies in the crypto market, potentially revolutionizing cross-border transactions.
- PayPal's new service integrates major platforms like Coinbase, Kraken, and MetaMask for digital wallets, ensuring a smooth transition of crypto assets into stablecoins and fiat currencies at checkout.
- Solana, a popular cryptocurrency, might be among the 100+ assets accepted via PayPal's "Pay with Crypto" service, showcasing its compatibility with diverse crypto assets.
- By offering a near-instant settlement system that could cut transaction fees by up to 90%, PayPal's "Pay with Crypto" feature aims to eliminate bottlenecks in the traditional finance business.
- With the launch of its stablecoin, PYUSD, in 2023, and the "Pay with Crypto" feature in 2025, PayPal is clearly demonstrating its commitment to decentralized finance (DeFi) and the future of digital currencies in the technology sector.
