🚀 PayPal Goes Full Crypto: 100+ Digital Assets Now Spendable at US Merchants

PayPal just dropped a seismic shift in payments—over 100 cryptocurrencies can now grease the wheels of American commerce. No more swapping to fiat; your Dogecoin buys coffee directly (finally, a real use case).

The Nitty-Gritty

The payments giant flipped the switch on crypto-to-merchant transactions overnight. Merchants get dollars—no volatility risk—while users burn through Bitcoin, Ethereum, and even obscure altcoins like they’re Monopoly money.

Why This Burns Banks

Traditional finance rails? Bypassed. PayPal’s move effectively turns 35 million merchant terminals into on-ramps for the crypto economy—while legacy banks still nickel-and-dime wire transfers. (Funny how disruption always starts with ‘consumer convenience.’)

The Bottom Line

Crypto’s march toward mainstream adoption just got a turbo boost. Whether this moonshots prices or just PayPal’s transaction fees remains to be seen—but Wall Street’s ‘blockchain, not Bitcoin’ crowd just lost another talking point.

Flat Fees For Crypto Payments

Based on reports, every sale automatically converts crypto into fiat or stablecoins when the merchant chooses. Companies can pick from more than 100 tokens.

Bitcoin and ethereum lead the list. Other picks include USDT, XRP, BNB, Solana and PayPal’s own PYUSD. That stablecoin is backed by US dollar deposits, short‑term Treasuries and cash equivalents. Merchants who stick with PYUSD earn 4% rewards on balances held in their PayPal account.

BREAKING: PayPal will allow U.S. merchants to accept over 100 cryptocurrencies with a 0.99% transaction fee for the first year, increasing to 1.5%. #CryptoPayments #Fintech

— Michael Pace (@mjpgroup) July 28, 2025

Wide Range Of Wallets And Coins

PayPal also tied this service into wallets beyond its own. Coinbase, MetaMask, OKX, Binance, Kraken, Phantom and Exodus all plug in. That opens the door to some 650 million crypto users around the globe.

PayPal says it’s tapping into a $3 trillion market that has grown fast over the past decade. Smaller businesses in particular could find it easy to add crypto as a payment option without heavy engineering work.

The launch follows PayPal’s introduction of PayPal World, a platform that links five digital wallets worldwide. PayPal then struck a deal with Fiserv to spread stablecoin use further abroad. Together, those moves hint at an effort to build plumbing for fast, low‑cost money transfers everywhere.

Merchants in the US won’t see surprises at checkout. That 0.99% fee covers network charges and conversion work. By comparison, traditional cross‑border credit card sales often carry fees that climb past 3%.

It’s easy math for sellers: a $1,000 sale in crypto costs $9.90 instead of about $30. That margin could be the difference between profit and loss.

According to PayPal, the rollout will begin in the US “in the coming weeks.” One catch: New York merchants must wait on permission from the New York State Department of Financial Services.

PayPal says it hasn’t secured that approval yet. It’s possible the company’s plans for stablecoins and on‑ramps will attract extra scrutiny from regulators in other key markets too.

Featured image from Getty Images, chart from TradingView