PayPal Just Supercharged Crypto Spending: Now Accepts 100+ Digital Currencies In Stores

Breaking the fiat shackles—PayPal's latest move turns your crypto bag into real-world purchasing power. No more swapping, no more waiting. Just tap and pay.

From memecoins to metaverse money: The payments giant now supports over 100 cryptocurrencies at checkout counters worldwide. That Shiba Inu stash? Suddenly useful for buying groceries.

Merchants won't know the difference: Transactions auto-convert to local currency at point-of-sale. Volatility risk? That's your problem now, dear customer.

The fine print they don't highlight: Fees still run 1.5-2% per crypto transaction—because Wall Street always gets its vig, even in decentralization's holy land.

This isn't adoption—it's assimilation. The old financial system just co-opted crypto's coolest feature. Your move, Bitcoin maxis.

In brief

• PayPal now lets U.S. merchants accept payments in over 100 cryptocurrencies, automatically converting them to PYUSD or fiat.
• The company charges a 0.99 % fee, far below typical credit card processing costs, and aims to simplify global transactions.
• The move boosts PayPal’s stablecoin strategy, following regulatory clarity from the GENIUS Act and rising competition from Stripe and Coinbase.

PayPal’s new feature

The new tool automatically converts crypto payments into either fiat or PayPal’s own stablecoin, PYUSD, helping merchants avoid volatility while benefiting from faster and cheaper cross-border transactions. PayPal says its 0.99 % crypto transaction fee is up to 90 % lower than typical credit card fees, which often start around 1.75 %.

For now, the feature is only available to U.S.-based merchants, excluding those in New York, and integrates with leading wallets like Coinbase Wallet, MetaMask, Kraken, Binance, and Phantom. The company specifically highlights the feature’s potential to improve global commerce for small and medium-sized businesses by streamlining crypto payments.

Stablecoin strategy pays off

This move comes as PYUSD, PayPal’s dollar-backed stablecoin, continues to gain ground. Since the start of 2025, its market cap has jumped nearly 80 %, rising from $497 million to $894 million. By converting all crypto payments into PYUSD or fiat, PayPal further strengthens PYUSD’s role as a key bridge between digital assets and traditional finance.

The announcement closely follows the passage of the GENIUS Act, which provides new legal clarity for stablecoins in the U.S. Payments companies like PayPal, Stripe, and Coinbase are using this momentum to build out crypto-powered payment rails.

A growing crypto payment race

Stripe, a major competitor, launched its own stablecoin checkout tool last year using USDC. That feature saw adoption in 70 countries on day one. In June 2025, Stripe deepened its crypto commitment by integrating with Coinbase, adding support for the Base network and enabling fiat-to-crypto flows directly from Stripe’s UI.

Meanwhile, Coinbase itself has been active in the merchant space since 2018 through Coinbase Commerce. In 2024, it introduced the x402 protocol, a crypto-native payment system built for APIs and AI agents, further automating crypto-to-crypto payments using USDC on Base.

The fintech space is quickly building the infrastructure for borderless, on-chain commerce. PayPal’s entry into large-scale crypto acceptance signals the next phase in stablecoin utility: real-world payments.

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