PayPal Launches Pay With Crypto, Expanding Its Push Into Digital Currencies
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…
