PayPal Will Let Cross-Border Merchants Pay With Crypto

PayPal has introduced a cryptocurrency payments feature it says is aimed at easing cross-border commerce.

Pay with Crypto, announced Monday (July 28), is designed to connect merchants to what the company describes as a more than $3 trillion market by allowing for instant crypto to stablecoin or fiat conversion.

“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,” Alex Chriss, president and CEO of PayPal, said in a news release.

The release added that the new feature, set to become available to U.S. merchants in the coming weeks,…

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