PayPal rolls out ‘Pay with Crypto’ feature, enabling merchants to accept over 100 digital currencies
PayPal has launched a new feature called ‘Pay with Crypto’ that allows merchants to accept cryptocurrency as payment. Customers can use over 100 types of digital currencies (including Bitcoin, Ethereum, USDC, and others) through popular crypto wallets like Coinbase Wallet, MetaMask, Phantom, Binance, Kraken, OKX, and Exodus. The feature is expected to become available to US merchants in the coming weeks, except in New York (where it is still awaiting regulatory approval).
When a customer chooses to pay with crypto, PayPal instantly converts the payment into US dollars or PayPal USD (PYUSD), its own stablecoin backed by the US dollar. It means under this newly introduced method, merchants will receive the funds in a stable form…
