Bitcoin News Today: PayPal Enables U.S. Merchants to Accept 100+ Cryptocurrencies, Cuts Cross-Border Fees by 90%

PayPal, the global payments giant, has announced a significant expansion of its digital payment ecosystem by enabling U.S. businesses to accept over 100 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and stablecoins like USDT. The initiative, dubbed “Pay With Crypto,” allows merchants to process transactions using a broad range of digital assets through a streamlined integration with existing crypto wallets. This move, announced in late July 2025, aims to reduce cross-border transaction fees by up to 90% and position PayPal as a bridge between traditional finance and decentralized systems.

Under the new service, buyers can link their crypto wallets—such as MetaMask, Coinbase, or Binance—to PayPal’s platform during checkout. The platform automatically converts received cryptocurrencies into PayPal’s stablecoin, PYUSD, via centralized or decentralized exchanges, before reverting the value to U.S. dollars. To incentivize adoption, PayPal has introduced a promotional fee of 0.99% for sellers in the first year, which will rise to 1.5% thereafter. The feature supports major protocols and altcoins, including Solana (SOL) and memecoins like TRUMP, covering approximately 90% of the global cryptocurrency market capitalization.

The rollout aligns with PayPal’s earlier forays into crypto, such as the launch of its stablecoin, PYUSD, and reflects the company’s broader strategy to integrate digital assets into mainstream commerce. By automating crypto-to-fiat conversions, the platform mitigates volatility risks for merchants while offering users flexibility in payment options. Analysts suggest this could accelerate the use of cryptocurrencies for everyday transactions, particularly as businesses seek cost-effective alternatives to traditional payment networks [5].

However, the service is limited to U.S. merchants, excluding regions where crypto regulations remain unclear or restrictive. PayPal’s cautious approach mirrors broader industry trends, including recent expansions by competitors like Binance and Grab, and underscores the ongoing challenges posed by regulatory scrutiny and price volatility. While the initiative enhances the legitimacy of cryptocurrencies as transactional tools, widespread adoption will depend on factors such as user education and technical ease of integration [5].

The market response to the announcement has been mixed. Proponents argue that PayPal’s entry into crypto payments marks a pivotal shift toward mainstream acceptance, potentially boosting the utility and valuation of supported assets. Critics, however, highlight the need for clearer regulatory frameworks to sustain long-term adoption. Regardless, PayPal’s move signals a significant step in normalizing crypto as a viable payment method, with implications for the broader financial ecosystem.

Sources:

[1] [A New Era in Crypto from Global Payment Giant PayPal! It Affects Over 100 Cryptocurrencies, Including Bitcoin (BTC) and Ethereum (ETH)!] (https://en.bitcoinsistemi.com/a-new-era-in-crypto-from-global-payment-giant-paypal-it-affects-over-100-cryptocurrencies-including-bitcoin-btc-and-ethereum-eth/)

[2] [PayPal to Enable Businesses to Accept Bitcoin, Ethereum ...] (https://decrypt.co/332074/paypal-enable-retailers-accept-bitcoin-other-cryptocurrencies)

[3] [PayPal drives crypto payments into the mainstream] (https://www.tipranks.com/news/the-fly/paypal-drives-crypto-payments-into-the-mainstream-thefly)

[4] [PayPal USD (PYUSD) Price Today, News & Live Chart] (https://www.forbes.com/digital-assets/assets/paypal-usd-pyusd/)

[5] [PayPay Expands Crypto Payments for U.S. Merchants to Cut Cross-Border Fees] (https://www.coindesk.com/)