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PayPal will allow merchants to accept over 100 cryptocurrencies, including Bitcoin, Ethereum, and Solana.
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The new “Pay with Crypto” feature includes wallet support for Coinbase, Kraken, and MetaMask.
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Users can pay in crypto, which will be converted to stablecoins or fiat.
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CEO says the initiative removes global barriers for businesses.
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Marks a major step in PayPal’s broader crypto expansion strategy.
Businesses Can Now Accept Crypto Through PayPal
PayPal has launched a new feature that lets businesses of all sizes accept over 100 different cryptocurrencies for payments. The service includes major coins such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), aiming to give merchants greater flexibility and access to a global customer base.
The feature, called “Pay with Crypto,” is designed to work seamlessly within the PayPal payment ecosystem, allowing buyers to pay in crypto while sellers receive funds in stablecoins or fiat currencies. This eliminates the volatility risk typically associated with crypto transactions.
Seamless Integration With Popular Wallets
To enable this new functionality, PayPal has built in support for leading crypto wallets like Coinbase, Kraken, and MetaMask. This ensures that users can easily pay with their preferred wallets without needing to go through cumbersome conversion steps or third-party platforms.
The conversion process is also streamlined: when a customer pays in crypto, the system instantly converts the funds into fiat or a stablecoin, which is then credited to the business. This makes it simple for merchants who may not want to hold volatile assets on their balance sheets.
Part of a Larger Push Into Crypto
PayPal CEO Alex Chriss framed the launch as part of the company’s larger strategy to embrace digital assets and eliminate friction in global commerce. He noted that cross-border transactions and payment integration are some of the biggest challenges facing businesses today, and this service is designed to solve those problems.
“Today, we're removing these barriers and helping every business of every size achieve their goals,” Chriss said.
PayPal’s move follows several years of expanding its crypto offerings, including enabling crypto buying and selling for users and launching a U.S. dollar-pegged stablecoin (PYUSD). This latest step positions the payments giant as a central player in bringing cryptocurrency to mainstream commerce.
