PayPal Launches Pay with Crypto for Cross Border Transactions – Digital Transactions
PayPal Holdings Inc. early Monday launched Pay with Crypto, a cross-border payment option that instantly converts cryptocurrencies to stablecoins or fiat currencies. The new payment option provides merchants and consumers a unified platform that connects fiat and digital payments and supports more than 100 cryptocurrencies and crypto wallets, such as Coinbase and MetaMask.
The new service will enable merchants to reach more than 650 million crypto users globally, according to the crypto data aggregator, CoinGecko, PayPal says.
To help make the new payment option an attractive alternative to other cross-border payment options, PayPal says it is charging a transaction fee of 0.99%. Merchants also have the option…
