PayPal Launches Expansive “Pay with Crypto” for Global Commerce – Crypto News – Crypto News
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PayPal Launches Expansive “Pay with Crypto” for Global Commerce PayPal Launches Expansive “Pay with Crypto” for Global Commerce

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PayPal Launches Expansive “Pay with Crypto” for Global Commerce – Crypto News

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12 months ago

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The activation allows users to leverage more than 100 different cryptocurrencies, including memecoins like Fartcoin, in its “Pay with Crypto” option.

Fintech giant PayPal announced its new “Pay with Crypto” feature today, allowing users to pay its merchants with more than 100 different cryptocurrencies, plugging into a $3 trillion-plus digital-asset market and an estimated 650 million crypto users worldwide .

The “Pay with Crypto” feature enables instant crypto-to-stablecoin or fiat conversion, with near-instant settlement for PayPal transactions through wallets such as Coinbase Wallet, MetaMask, and Phantom. Additional integrations at launch include Binance, Kraken, OKX, Exodus, and Solana’s Phantom wallet, with more on the roadmap .

Users can pay with tokens such as BTC and ETH, alongside USDT, SOL, BNB, and 90+ others, or can choose to cash out their memecoin gains for traditional purchases through PayPal. The company is launching with a promotional flat fee of just 0.99% on each crypto transaction (good until July 31, 2026), compared with the 3-4% typically charged for cross-border cards.

The option not only opens up payment options for crypto users, but can decrease the cost of transactions by up to 90% on international purchases, according to the release, a figure PayPal says includes savings on foreign-exchange markups and card-scheme fees.

Near-Instant Access to Funds

PayPal CEO Alex Chriss spoke on the announcement and said, “Businesses of all sizes face incredible pressure when growing globally, from increased costs for accepting international payments to complex integrations. Today, we’re removing these barriers and helping every business of every size achieve their goals.”

Chriss illustrated the point by imagining “a shopper in Guatemala buying a special gift from a merchant in Oklahoma City,” noting that merchants get near-instant access to funds and can earn 4% yield on PYUSD held on PayPal.

“These innovations don’t just simplify payments—they drive merchant growth, expand consumer choice, and reduce costs. This is the future of inclusive, borderless commerce, and we’re proud to lead it,” Chriss concluded.

PayPal is also behind PYUSD, a top 10 stablecoin by market capitalization. The stablecoin, which launched in 2023, touts an $890 million valuation, surpassing competitors such as Ripple’s RLUSD.

Merchants that choose to leave proceeds in PYUSD inside their PayPal account currently earn a 4% rewards rate, according to the company. Earlier this month, PayPal signed an agreement with Fiserv to make PYUSD interoperable with FIUSD across thousands of U.S. community banks, expanding its utility beyond PayPal’s own rails.

Pay with Crypto will be available to U.S. merchants in the coming weeks, with additional regions rolling out pending regulatory approvals, including a green light from New York’s Department of Financial Services.

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