PayPal has officially expanded its cryptocurrency services with the launch of Pay with Crypto, a merchant-facing payment solution that allows businesses in the United States to accept over 100 digital assets—including XRP, Bitcoin, Ethereum, and USDT—at checkout.
The announcement signals a major shift in how mainstream platforms are adopting blockchain technology, blending crypto convenience with PayPal’s existing financial infrastructure.
Businesses now have the option to accept digital currency from customers and convert those payments instantly into fiat or stablecoins, eliminating the need for traditional banking delays.
Merchants Gain Global Access and Lower Payment Costs
With this update, PayPal merchants can reduce cross-border transaction fees by up to 90%, as crypto payments sidestep traditional banking channels. The service enables nearly real-time settlement while giving merchants the flexibility to settle in U.S. dollars or PayPal’s stablecoin, PYUSD.
According to PayPal, the service can connect businesses to a massive global crypto user base of more than 650 million people—dramatically expanding access to international markets while lowering the barriers to digital commerce.
XRP Integration Highlights Utility in Global Transfers
One of the most notable additions is XRP, known for its high-speed, low-cost network tailored to international money transfers. Its inclusion in PayPal’s crypto checkout offering is being seen as a major validation of XRP’s use case beyond speculative trading.
Financial analysts note that integrating XRP could enhance Ripple’s long-standing goal of facilitating efficient cross-border payments. It also adds another layer of credibility to the growing list of real-world applications for blockchain-based payment rails.
Flat Fees and Added Yield Options for Merchants
The new service applies a standard 0.99% fee per transaction—significantly lower than most credit card processing costs, especially for international sales. To further incentivize adoption, PayPal is offering up to 4% interest on merchant balances held in PYUSD.
This move not only streamlines crypto acceptance but also introduces yield-generating features that could appeal to both small businesses and large enterprises.
Seamless Wallet Support Increases Accessibility
To ensure a smooth user experience, PayPal has integrated compatibility with leading digital wallets such as MetaMask, Coinbase Wallet, Binance, Kraken, and OKX. This multi-wallet support gives customers more flexibility when paying with crypto and simplifies onboarding for those already involved in the space.
The company has also introduced “PayPal World,” an initiative focused on linking the five most widely used crypto wallets globally, a move designed to enhance interoperability and broaden the reach of its payments infrastructure.
PYUSD Sees Boost as PayPal Bets on Stablecoins
PayPal’s U.S. dollar-backed stablecoin, PYUSD, is positioned at the center of this rollout. Since its launch, PYUSD has been gaining ground in the digital payments space. With this new merchant-facing solution, PayPal is pushing further into stablecoin adoption by allowing businesses to hold, earn, or convert PYUSD effortlessly.
The combination of immediate settlement, high liquidity, and interest-bearing capabilities makes PYUSD a strategic asset in PayPal’s growing digital finance ecosystem.
Crypto Integration Sets the Stage for Future Expansion
Though currently limited to U.S. merchants—excluding a few states due to licensing restrictions—PayPal has hinted at plans to expand the service internationally. With its strategic partnerships, including Fiserv and major wallet providers, the company is positioning itself as a leader in bridging traditional payment systems with the fast-growing world of crypto finance.
By offering support for over 100 cryptocurrencies, low transaction costs, fast settlement times, and easy wallet integration, PayPal is taking a bold step toward redefining how global commerce is conducted.
