PayPal officially deploys the “Cay with Crypto” feature and allows you to accept payments in over 100 cryptocurrencies. From Bitcoin and Ethereum to stubcoins like USDT, USDC and XRP, the platform aims to streamline international commerce with lower fees and faster settlements.
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Merchants can accept crypto payments from wallets such as MetaMask, Coinbase, Kraken, Binance, and all transactions will be converted immediately to US Dollars or PayPal’s own stubcoin, Pyusd. This means that businesses don’t have to manage their wallets or worry about crypto price volatility.
With a competitive transaction fee of just 0.99%, PayPal is lined up with a more affordable alternative to traditional credit card processing, often over 2%.
Bridging wallets and reducing merchant barriers
According to PayPal CEO Alex Christhe move covers a $3 trillion crypto market and over 650 million global crypto users. “We’re removing barriers to global growth,” Chris said.
The system offers close to instant fund access and offers up to 4% merchants in annual rewards if they hold PYUSD balances within the platform. This built-in incentive adds an investment aspect to the tool and increases the profitability of your business.
The launch is also coincided with the expansion of PayPal World, a global partnership that unifies the world’s top digital wallets.
BTC's price trends to the upside on the daily chart following a re-test around critical support levels. Source: BTCUSD on Tradingview
Cryptographic momentum to satisfy real-world utilities
“Pay with encryption“It marks another step in mainstream adoption of Crypto. Supporting over 100 tokens and direct integration with major wallets, PayPal simplifies what’s been a complex and expensive process for a long time.
With global regulations embracing crypto, PayPal’s initiative could serve as a blueprint for how fintech companies can promote innovation while supporting small and medium-sized businesses in the digital economy.
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Whether you’re a Guatemalan shopper who buys from an Oklahoma seller or expands the reach of global brands, crypto payments via PayPal are set to rethink global e-commerce.
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