PayPal Taps $3?Trillion Crypto Market
PayPal (NASDAQ:PYPL) is rolling out Pay with Crypto for merchants, tapping a $3 trillion plus market by enabling instant crypto?to?stablecoin or fiat conversions.
The new service supports 100+ cryptocurrencies including Bitcoin (BTC?USD), Ethereum (ETH?USD) and wallets like Coinbase (NASDAQ:COIN) and MetaMask.
At a 0.99% fee, Pay with Crypto cuts transaction costs by up to 90% versus international credit cards, says CEO Alex Chriss, removing barriers and helping every business of every size achieve their goals.
Pay with Crypto will be available to US merchants in the coming weeks, offering instant settlement to broaden global reach without the usual integration headaches.
Merchants can accept payments in…
