PayPal to Accept XRP and Other Tokens for US Merchants

PayPal has announced a new feature called "Pay with Crypto" that will allow US merchants to accept a variety of cryptocurrencies, including XRP and Solana. The feature will convert the cryptocurrency to PayPal's PYUSD stablecoin and then to USD, with low fees capped at 0.99%. International payments will become easier and cheaper for US businesses, with settlements happening instantly. The feature will be available in the coming weeks, although not in New York due to regulatory requirements.

PayPal has recently announced the launch of its "Pay with Crypto" feature, set to revolutionize international payments by enabling US merchants to accept a variety of cryptocurrencies, including XRP and Solana. This innovative solution aims to streamline cross-border transactions and reduce costs for businesses.

The "Pay with Crypto" feature will allow merchants to accept payments in over 100 cryptocurrencies and digital wallets, such as Coinbase and MetaMask. Once a transaction is made, the cryptocurrency will be converted to PayPal's PYUSD stablecoin and then to USD. This process is designed to be fast and efficient, with settlements happening almost instantly. The transaction fees are capped at 0.99%, significantly lower than traditional international credit card processing fees [1].

Alex Chriss, President and CEO of PayPal, highlighted the benefits of this new feature. "Businesses of all sizes face incredible pressure when growing globally, from increased costs for accepting international payments to complex integrations. Today, we're removing these barriers and helping every business of every size achieve their goals," he said. Chriss also emphasized the potential for merchants to increase their profit margins, pay lower transaction fees, and access funds more quickly [1].

PayPal's new feature is part of its mission to transform commerce by integrating crypto and digital currencies into a unified platform. The company has also recently announced an agreement with Fiserv to expand the use of stablecoins globally, further driving business efficiency [1].

However, it is important to note that the feature will not be available in New York due to regulatory requirements. The New York State Department of Financial Services (NYDFS) requires approval for any materially new product or service for New York residents, and PayPal has not yet received such approval [1].

The "Pay with Crypto" feature is set to be available to US merchants in the coming weeks, covering 90% of the $3+ trillion crypto market cap. This includes support for a wide range of cryptocurrencies and digital wallets, with more to come [1].

References:
[1] https://newsroom.paypal-corp.com/2025-07-28-PayPal-Drives-Crypto-Payments-into-the-Mainstream,-Reducing-Costs-and-Expanding-Global-Commerce
[2] https://www.marketscreener.com/news/paypal-drives-crypto-payments-into-the-mainstream-reducing-costs-and-expanding-global-commerce-ce7c5fd8dc8cff23