Small Businesses Can Now Accept 100+ Cryptos via “Pay with Crypto”
PayPal has taken another major step into the digital asset space by launching “Pay with Crypto,” a new feature enabling small businesses to accept payments in over 100 cryptocurrencies. The move centers around its PYUSD stablecoin, marking a major internal deployment of the token issued by Paxos.
All crypto payments will be automatically converted to PYUSD, PayPal’s own U.S. dollar-pegged stablecoin.
Announced Monday by CEO Alex Chriss, the rollout aims to simplify global commerce for businesses of all sizes. “We’re removing the barriers businesses face when growing globally,” Chriss stated, citing high cross-border fees and complex payment integrations as pain points.
Competitive Fees, Broad Wallet Support, and Yield Incentives
Initially, PayPal will charge a 0.99% transaction fee, increasing to 1.5% after one year, positioning itself as a cheaper alternative to traditional international payment processors.
Businesses will receive near-instant settlement in PYUSD — and earn up to 4–5% yield when storing funds on PayPal.
The new service will integrate with popular wallets, including:
Even memecoins like TRUMP and FARTCOIN will be supported. Depending on the token, PayPal will convert it through centralized platforms like Coinbase or decentralized exchanges such as Uniswap, before settling in USD.
PYUSD Adoption Grows in PayPal Ecosystem
PayPal introduced PYUSD in 2023 as part of its broader stablecoin initiative. The token now ranks as the 12th-largest stablecoin, boasting a $900 million market cap.
PYUSD is not FDIC- or SIPC-insured, a key disclosure made by PayPal.
While initially met with cautious optimism, this internal use case marks one of the most significant steps toward stablecoin utility in mainstream fintech.
A Big Leap for Stablecoin-Powered Payments
By embracing crypto for global payments and embedding PYUSD into its core services, PayPal is building a bridge between DeFi and traditional business infrastructure.
“Pay with Crypto” may transform how merchants accept international payments — cheaper, faster, and crypto-powered.
As crypto adoption grows, PayPal’s early mover advantage in the stablecoin integration race may set the tone for other fintech giants.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.