Bitcoin News Today: PayPal Launches Pay with Crypto Feature Letting U.S. Merchants Accept 100+ Cryptocurrencies to Cut Fees

PayPal has launched a feature enabling U.S. merchants to accept payments in over 100 cryptocurrencies, a move poised to reshape digital payment landscapes. The initiative, titled “Pay with Crypto,” supports major coins like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), alongside numerous altcoins, offering near-instant processing and reduced transaction fees [1][2]. This expansion aligns with PayPal’s broader strategy to bridge traditional finance and decentralized systems, leveraging blockchain technology to enhance cross-border commerce and operational efficiency [3].

The service allows merchants to convert incoming crypto payments into stablecoins or fiat currencies in real time, mitigating exposure to price volatility while catering to crypto-savvy consumers. By eliminating currency conversion barriers, PayPal aims to lower costs for small and medium-sized businesses, particularly in e-commerce. Alex Chriss, PayPal’s CEO, highlighted that the platform’s open architecture enables businesses to “increase profit margins, pay lower transaction fees, and access instant proceeds,” with promotional fees potentially boosting merchant participation during the initial phase [4].

Financial analysts note that this rollout could stimulate liquidity in supported crypto markets, particularly among lesser-known tokens. The ability to transact in 100+ coins—from Bitcoin to niche altcoins—caters to diverse user preferences, from crypto maximalists to casual investors [5]. However, the success of the feature hinges on merchant demand and consumer adoption, as regulatory scrutiny in key markets remains a wildcard [6].

PayPal’s approach contrasts with competitors like Square and Stripe, which have explored similar capabilities but lack PayPal’s extensive merchant network. The company’s focus on seamless user experiences—such as real-time conversion tools and wallet integrations—addresses historical pain points like transaction delays and price fluctuations. This positions PayPal as a bridge between legacy financial systems and decentralized ecosystems, a strategy emphasized in its 2024 investor report [7].

The initiative also reflects PayPal’s strategic alignment with evolving regulatory frameworks. The U.S. Treasury’s recent easing of stablecoin reporting requirements and the proposed “Stablecoin Trust and Transparency Act” create a favorable environment for crypto integration. While currently limited to U.S. merchants, there are indications of future global expansion, particularly in regions with high crypto adoption [8].

Industry observers suggest PayPal’s move could accelerate mainstream crypto adoption, especially among small businesses. By simplifying the technical complexity of digital asset transactions, the platform lowers barriers for merchants unfamiliar with blockchain technology. The company’s emphasis on low-fee cross-border transactions aligns with its goal to reduce trade costs, a priority outlined in its 2024 strategy [9].

Sources:

[1] https://cointelegraph.com/news/paypal-crypto-checkout-tool-support-100-tokens

[2] https://www.coindesk.com/business/2025/07/28/paypay-expands-crypto-payments-for-u-s-merchants-to-cut-cross-border-fees

[3] https://fortune.com/crypto/2025/07/28/paypal-100-cryptocurrencies-accept-merchants-bitcoin-ethereum/

[4] https://mashable.com/article/paypal-pay-with-crypto-announcement

[5] https://bitcoinmagazine.com/news/paypal-opens-bitcoin-and-crypto-payments-to-us-merchants

[6] https://news.bitcoin.com/paypal-launches-pay-with-crypto-to-bring-100-coins-and-wallets-mainstream/