PayPal Launches Payments in 100+ Cryptocurrencies for U.S. Merchants

PayPal has launched a new cryptocurrency payment tool that enables U.S. merchants to accept payments in over 100 cryptocurrencies. This development positions PayPal alongside major competitors, delivering solutions that many businesses have anticipated for years.

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

What does the new service offer?

U.S. businesses can now accept payments in Bitcoin, Ethereum, Solana, USDT, USD Coin, XRP, and other tokens.

The platform seamlessly integrates with widely used wallets such as Coinbase Wallet, MetaMask, OKX, Binance, Phantom, and Exodus. It is important to note that while Kraken is primarily an exchange, it also offers wallet services for users.

All crypto payments are automatically converted at checkout into PayPal’s stablecoin, PYUSD, or into fiat currency. Merchants receive funds in their preferred form without worrying about cryptocurrency price volatility.

Transaction fees are set at only 0.99%, significantly lower than the typical costs of credit card processing. For comparison, Visa’s rates start at 1.75% of the transaction amount.

A focus on cross-border payments

PayPal aims to simplify international transfers, which have traditionally been costly for small and medium-sized businesses. However, the service is currently available only to U.S. retailers, excluding those in New York State.

The company is not alone in this space—Stripe and Coinbase are also developing global crypto payment solutions. In October 2024, Stripe added support for payments in USDC, which users in 70 countries accessed on launch day. In June, Stripe also partnered with Coinbase to integrate fiat-to-cryptocurrency conversions on both platforms.

PYUSD’s rapid growth

The launch comes amid impressive growth for PYUSD. Since the start of the year, the stablecoin’s market capitalization has nearly doubled—from $497million to $894million, according to CoinGecko data.

PYUSD market cap growth in 2025.

Coinbase has also been active in the sector. In 2018, the exchange launched Coinbase Commerce to allow cryptocurrency payments on platforms like Shopify and WooCommerce. In 2024, it introduced the x402 protocol—a crypto payment system designed for HTTP transactions, with a focus on APIs and AI agents.

Regulatory support fuels expansion

PayPal’s latest service follows the adoption of the GENIUS Act, which allows companies to legally expand stablecoin services and integrate them into mainstream payment infrastructures.

Globally, small businesses are increasingly embracing cryptocurrency payments. Industries such as food service, retail, tourism, e-commerce, and real estate are turning to crypto for its speed and low fees.

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