Payment platform PayPal has announced the launch of its new Pay with Crypto service, allowing U.S. businesses to accept payments in over 100 cryptocurrencies. According to the company, the new tool enables international transactions to be up to 90% cheaper compared to traditional bank transfers, reports Minfin.
How It Works:
Customers can pay for goods and services directly from their crypto wallets. All crypto payments are instantly converted into PYUSD, a stablecoin pegged to the U.S. dollar, after which the merchant receives fiat currency — with no exposure to volatility.
What It Means for Businesses:
– All transactions are protected from exchange rate fluctuations
– Instant fund settlement
– Lower fees than banks and card networks
– Suitable for both domestic and international payments
“A store in Oklahoma will be able to accept crypto from a buyer in Guatemala — quickly and without extra costs,” said PayPal CEO Alex Chriss.
A Strategic Move:
This launch not only paves the way for the mainstream adoption of crypto in daily commerce, but also supports the wider use of PayPal’s own stablecoin. PYUSD is becoming a key element in the company’s new financial ecosystem, which bridges digital assets and traditional money flows.
Link: minfin.com.ua