PayPal unveils ‘Pay with Crypto’ feature
PayPal is launching a service that enables businesses to accept payments in more than 100 cryptocurrencies.
Editorial
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
Open to all US merchants, Pay with Crypto will let customers pay with the likes of bitcoin and ethereum and stablecoins including USDC, as well as use wallets such as Coinbase and MetaMask. Payments in crypto automatically convert to fiat or stablecoin.
The company says the service, arriving within weeks, will simplify cross-border commerce for merchants and help slash transaction fees by up to 90% compared to credit cards.
Alex Chriss, CEO, PayPal, says: “Imagine a shopper in Guatemala…
