PayPal Opens Crypto Payments to 100 Digital Assets for U.S. Businesses

New ‘Pay with Crypto’ Service Expands Payment Options, Targets 90% of $4T Market

PayPal is rolling out a major expansion to its crypto services, announcing Monday that small businesses in the U.S. can now accept payments in 100 different cryptocurrencies. The new “Pay with Crypto” feature will support transactions in Bitcoin, Ethereum, Solana, and dozens of other assets, converting them to stablecoins or fiat currencies for settlement. The move positions PayPal to capture a significant slice of the nearly $4 trillion crypto market.

The service will integrate with leading wallets, including Coinbase, Kraken, and MetaMask, allowing merchants to receive crypto payments without the complexity of direct blockchain management. PayPal CEO Alex Chriss said the new offering removes long-standing barriers to cross-border commerce, citing reduced costs, faster settlements, and broader payment flexibility as key benefits for merchants of all sizes.

The launch comes just days after PayPal unveiled plans for PayPal World, a platform set to debut in the fall that will connect domestic digital wallets to a global network of billions of users. By combining this with its PYUSD stablecoin—which has a market capitalization of more than $901 million—PayPal is creating a more integrated ecosystem for international payments. The company already allows PYUSD swaps for U.S. dollars through its Xoom platform, streamlining cross-border transactions.

Since late 2020, PayPal users have been able to buy, sell, and hold select cryptocurrencies, but early limitations restricted transfers to external wallets. Those restrictions have since been lifted, enabling customers to move assets such as Bitcoin and Ethereum outside the PayPal platform. With “Pay with Crypto,” merchants will gain near-instant access to proceeds, benefit from lower transaction fees, and even earn 4% on funds stored as PYUSD within PayPal accounts.

Chriss described the initiative as a step toward “inclusive, borderless commerce,” emphasizing its role in bridging traditional finance and digital assets. By covering 90% of the crypto market and integrating with major wallet providers, PayPal aims to strengthen its position at the forefront of global digital payments while simplifying crypto acceptance for U.S. businesses.

This article has been refined and enhanced by ChatGPT.