PayPal says Pay With Crypto lets purchases settle almost instantly, makes international payments easier and could cut transaction fees by as much as 90%.
PayPal doubled down on crypto on Monday with the launch of Pay With Crypto, a new feature that lets customers use bitcoin, ethereum and other cryptocurrencies at checkout with millions of merchants worldwide. While PayPal has a history of investing in crypto, this move aims to provide easier cross-border transactions and an almost-instant settlement, while reducing transaction fees by up to 90%.
When someone chooses to pay with crypto, PayPal automatically converts the digital coins into local currency for the seller. This means merchants don’t have…
