On July 28, the payment service PayPal announced the launch of cryptocurrency payments for businesses in the United States. The Pay with Crypto feature will support over 100 assets, ranging from Bitcoin to Fartcoin.
Tired: Paying high transaction fees for international payments.
Wired: Reducing costs up to 90% by offering pay with crypto for payments.
✅ Reduce international transaction fees by up to 90%
✅ Offer 100+ cryptocurrencies and eligible wallets at checkout
✅ Get immediate… pic.twitter.com/3XgOXW2Smr— PayPal (@PayPal) July 28, 2025
Users will be able to pay using cryptocurrency wallets linked to the platform. PayPal will automatically convert digital assets into fiat through the stablecoin PYUSD, with the seller receiving payment in dollars.
According to the press release, the main advantage of the service is the reduction of cross-border transaction costs by up to 90% compared to traditional bank transfers and card payments.
Until July 2026, the fee will be 0.99% per transfer. It will then increase to 1.5%, which is lower than the average credit card rate in the US. According to the Nilson Report, this rate was 1.57% in 2024.
“We aim to remove barriers for businesses of any size. Now a shop in Oklahoma City can easily accept a cryptocurrency payment from a buyer in Guatemala — with minimal fees and instant access to funds,” noted PayPal CEO Alex Chriss.
Pay with Crypto is expected to become available to American merchants in the coming weeks. First, PayPal must obtain approval from the NYDFS.
Back in September 2024, the payment giant opened the possibility for corporate clients in the US to buy, store, and sell cryptocurrencies directly from their business accounts.
In April this year, PayPal announced plans to implement a rewards program for PYUSD holders in the US to promote its use. At the same time, the SEC ended its investigation into the company’s “stablecoin.”