PayPal has made a significant update to its payment services, confirming support for XRP and over 100 other cryptocurrencies through its new Pay with Crypto service. This update is generating considerable interest in the financial and digital sectors.
XRP Integration Draws Strong Market Interest
XRP’s inclusion in PayPal’s supported tokens has sparked immediate attention within the digital asset space. Known for its low-cost, high-speed transactions, XRP is viewed as a practical option for global payments.
Analysts note that its availability on PayPal’s platform could enhance Ripple’s commercial utility and encourage broader institutional interest.
Lower Fees and Higher Flexibility for Merchants
Pay with Crypto features a transaction fee of 0.99 percent, which is significantly lower than the average fees charged for international credit card payments. According to PayPal, this has the potential to cut 90 percent of the costs.
Merchants that utilize the service can even earn 4 percent interest on the PYUSD balance kept on PayPal. The system eliminates the need to follow a complex banking transfer process and allows fast settlement (almost real-time) and access to a larger number of international buyers.
Global Wallet Integration Expands Payment Reach
In addition to XRP, PayPal’s service supports other top cryptocurrencies, including Solana, USDC, BNB, and more. It also links to large wallets, including Coinbase, Binance, MetaMask, OKX, and Kraken. This will help create a more flexible service and provide a smooth crypto payment experience.
The company recently introduced PayPal World, a global initiative uniting five of the world’s leading digital wallets, which strengthens its ability to streamline global payments.
PayPal’s announcement of XRP and several major cryptocurrencies in its global merchant network opens new opportunities for digital payments. Reduced transaction fees and expanded wallet access may transform the future of international commerce.
