PayPal to Let Businesses Accept Over 100 Cryptocurrencies, Including Bitcoin and Ethereum
PayPal announced Monday that it will soon allow businesses to accept payments in more than 100 cryptocurrencies — including major tokens like Bitcoin and Ethereum — through a new feature called “Pay with Crypto.”
The service will enable consumers to pay using a wide range of digital currencies, as well as popular crypto wallets like Coinbase and MetaMask. Once a payment is made, it will automatically be converted into U.S. dollars or PayPal’s own stablecoin, PayPal USD (PYUSD), which is backed 1:1 by the dollar.
PayPal says the new system aims to streamline global payments by lowering fees and removing the complexity of crypto transactions. The company is offering a discounted transaction fee of 0.99% until July 31, 2026 — significantly lower than typical credit card processing fees, which can range from 1.5% to 3.5%.
“Building on over 25 years of experience in payments, we’re making it easy for users to link a wallet, pay with any token, convert it instantly to PYUSD, and deliver USD to merchants within seconds,” said PayPal CEO Alex Chriss in a post on X (formerly Twitter). “The result? Lower fees for merchants and immediate access to funds.”
PayPal also highlighted that the service could simplify cross-border transactions, helping merchants expand globally without high international card fees.
A beta version of the feature will be available to selected businesses in the coming weeks, with broader rollout planned later this year, the company confirmed.
Chriss added that the system is designed to overcome some of crypto’s biggest hurdles — including price volatility, complicated wallet systems, and the difficulty of issuing refunds. “Pay with Crypto helps solve these challenges,” he said.
The move comes just days after President Trump signed the GENIUS Act, the first major cryptocurrency legislation passed by Congress. The law sets regulatory standards for the $250 billion stablecoin market, further integrating digital assets into the financial mainstream.
PayPal is currently used by tens of millions of merchants worldwide, according to a company spokesperson.
Featured image from: cointelegraph.com