PayPal has introduced a new crypto payment tool that allows US merchants to accept payments in over 100 cryptocurrencies, including Bitcoin, Ethereum, Solana, and major stablecoins.
The feature, designed to streamline cross-border transactions, automatically converts cryptocurrency payments into PayPal's stablecoin (PYUSD) or fiat currency at checkout.
Integrated with leading wallets such as MetaMask, Coinbase, and Binance, the service charges a transaction fee of 0.99%, well below traditional credit card fees.
For now, the offer excludes companies based in New York.
Alex Chriss, president and CEO of PayPal, 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."