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PayPal Expands Services with Cryptocurrency Acceptance Feature

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by Giorgi Kostiuk

8 hours ago

In a significant step towards mainstream crypto adoption, PayPal has launched a new 'Pay with Crypto' feature, allowing U.S. merchants to accept over 100 cryptocurrencies.

Convenience and Low Fees

PayPal offers instant conversion of cryptocurrencies into fiat currencies or stablecoins, simplifying the process for businesses. The transaction fee is just 0.99%, making it more cost-effective than many traditional payment processing methods.

Wide Cryptocurrency Support

Customers can now pay merchants with over 100 different cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Solana (SOL), providing flexibility to consumers.

Step Towards Cryptocurrency Integration into Business

Such initiatives like 'Pay with Crypto' reduce barriers, promoting the use of digital currencies. It also establishes PayPal as a leader in crypto integration among traditional financial platforms.

The launch of the 'Pay with Crypto' feature by PayPal highlights the ongoing merging of traditional finance and decentralized approaches, opening new horizons for businesses.

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