PayPal’s Crypto Revolution: U.S. Merchants Set to Accept 100+ Digital Tokens in Game-Changing Move

Breaking the fiat shackles—PayPal just handed every Main Street business a crypto onboarding ramp. No more 'sorry, we only take Bitcoin' excuses.

The 100-token tsunami

From Shiba Inu to Solana, merchants get instant conversion to USD—while crypto maximalists seethe about 'selling out to the legacy system.'

Wall Street's worst nightmare

Visa and Mastercard executives are suddenly sweating through their bespoke suits as PayPal bypasses card networks entirely. (Don't worry—they'll still find a way to charge 2% for 'crypto conversion fees.')

This isn't adoption—it's an ambush. And the suits didn't see it coming.

TLDR

• PayPal launched a new tool enabling U.S. merchants to accept payments in 100+ cryptocurrencies.

• Payments are converted to PYUSD or fiat at checkout to avoid volatility.

• Supported wallets include MetaMask, Coinbase Wallet, Binance, Phantom, and others.

• Merchants are charged a 0.99% fee—about 90% less than typical card fees.

• The move supports cross-border transactions and follows the GENIUS Act’s regulatory clarity.

PayPal has introduced a new crypto payment tool that allows U.S.-based merchants to accept more than 100 cryptocurrencies at checkout. The tool, named Pay with Crypto, aims to lower the costs and complexities of international payments.

🚨 BREAKING: PayPal now allows Bitcoin & crypto payments for all US merchants 🇺🇸 #Crypto #Bitcoin #PayPal pic.twitter.com/zpCC1e5AkU

— Trader Edge (@Pro_Trader_Edge) July 28, 2025

The company announced the rollout on Monday. The feature is currently limited to U.S. merchants, excluding residents of New York.

Customers will be able to pay using popular wallets such as MetaMask, Coinbase Wallet, OKX, Kraken, Phantom, and Binance. The feature supports major tokens including Bitcoin, Ethereum, Solana, XRP, USDC, and USDT.

When a customer pays with cryptocurrency, the amount is instantly converted into PayPal’s U.S. dollar stablecoin (PYUSD) or fiat. This protects merchants from crypto price volatility.

PayPal said it will charge a 0.99% fee per transaction. That’s roughly 90% lower than standard credit card processing fees, which typically start at 1.75%.

A Push Toward Simplified Global Payments

According to PayPal, the tool is designed to help small and medium-sized businesses handle cross-border transactions more efficiently. These payments are often slow and expensive under traditional banking systems.

CEO Alex Chriss said the goal is to help businesses of all sizes grow internationally. In one example, he described a shopper in Guatemala using crypto to purchase a gift from a U.S. merchant in Oklahoma City.

Chriss noted that merchants can receive proceeds quickly and store them as PYUSD. These balances can also earn yield at 4% when held in PayPal accounts.

The company’s MOVE supports growing demand for stablecoin-based payments. Blockchain rails are seen as faster and cheaper than standard global banking methods.

Regulatory Support and Industry Competition

PayPal’s expansion into crypto payments comes after the recent passage of the GENIUS Act. The new U.S. law provides a regulated path for companies like PayPal to operate with stablecoins.

This rollout also increases competition in the crypto payments space. Stripe recently launched a stablecoin option and integrated Coinbase Wallet with its on-ramp features.

Coinbase, a key player in this space, introduced Coinbase Commerce in 2018 and continues to build tools like the x402 protocol for crypto payments using standard web APIs.

PayPal’s PYUSD has seen strong growth in 2025. Its market cap has jumped nearly 80% since January, from $497 million to $894 million, according to CoinGecko.

The payment tool allows businesses to participate in the crypto economy without holding volatile digital assets. It simplifies crypto integration and encourages wider adoption in industries like retail, food, travel, and e-commerce.

PayPal said the feature will be available to merchants in the coming weeks.