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Key Takeaways:
- PayPal slashes cross-border crypto payment fees by up to 90%.
- “Pay with Crypto” integrates 100+ wallets and platforms like Coinbase and MetaMask.
- PYUSD and wallet support streamline fiat conversion and global checkout.
PayPal has launched its new “Pay with Crypto” feature, aiming to transform global e-commerce by enabling crypto payments across over 100 wallets and digital assets. The service allows users to convert cryptocurrencies into stablecoins or fiat at checkout—making crypto payments faster, cheaper, and easier to adopt for merchants worldwide.
Cross-Border Transactions Now 90% Cheaper
A key highlight of the feature is its potential to drastically reduce cross-border payment fees. PayPal claims the service slashes these costs by up to 90%, solving a long-standing problem for businesses navigating the inefficiencies of traditional financial systems. According to the company, global merchants collectively lose billions due to outdated infrastructure. By offering wallet interoperability and crypto-to-fiat conversion, PayPal positions itself as a bridge between blockchain innovation and real-world commerce.
Seamless Integration with Major Wallets and Platforms
“Pay with Crypto” connects to major crypto platforms such as Coinbase, Kraken, and MetaMask. The initiative leverages PayPal’s own stablecoin, PYUSD, introduced in 2023, to facilitate near-instant settlements. CEO Alex Chriss emphasized that the move is designed to empower businesses of all sizes by removing global growth barriers through simplified, cost-effective integrations.
Institutional Confidence and Market Reaction
Following the announcement, PayPal’s stock rose to $78.22 with a market cap of $936.6 million—an indication of rising investor confidence. While Bitcoin slightly declined to $118,637.05, PayPal’s move into decentralized finance continues to set a precedent. Despite a recent dip in PYUSD’s market cap, prior traction on Solana and favorable DeFi yields show that demand remains strong.
Also Read: Binance Lists Newton Protocol (NEWT) with Airdrop and $90M Backing from PayPal Ventures
By integrating a broad network of crypto wallets and reducing friction in international payments, PayPal is solidifying its role as a key player in the evolving digital economy.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
