PayPal Introduces “Pay with Crypto” to Lower Costs and Ease Global Transactions

Highlights:

• PayPal launches “Pay with Crypto” to simplify and lower global payment costs.
• Merchants can accept top digital assets like BTC, ETH, SOL, and stablecoins.
• Feature currently available only to U.S. merchants, excluding those in New York.

PayPal has introduced a new feature called “Pay with Crypto,” which supports over 100 cryptocurrencies to make global payments easier and more cost-effective. According to CEO Alex Chriss, the new Pay with Crypto feature is designed to tackle two major challenges in global business: high fees and complicated payment systems. PayPal plans to charge merchants a 0.99% fee for crypto transactions, saying it’s 90% lower than standard credit card fees. In comparison, Visa charges at least 1.75% per transaction.

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

PayPal’s New “Pay with Crypto” Targets 650M Users

In its Monday announcement, PayPal said businesses can now accept payments in Bitcoin, Ethereum, Solana, USDt, USD Coin, XRP, and more. The feature works with wallets like Coinbase Wallet, MetaMask, Phantom, OKX, Kraken, Binance, and Exodus. Crypto payments will be instantly converted into PYUSD or fiat at checkout, so merchants don’t need to worry about price fluctuations. This move aims to connect merchants with more than 650 million crypto users around the world.

Chriss said that businesses of all sizes can now access global markets more easily and cost-effectively through PayPal’s crypto-enabled tools. Currently, the feature is only available to merchants in the US, excluding those in New York. 

Chriss said:

“Imagine a shopper in Guatemala buying a special gift from a merchant in Oklahoma City. Using PayPal’s open platform, the business can accept crypto for payments, increase their profit margins, pay lower transaction fees, get near instant access to proceeds, and grow funds stored as PYUSD at 4% when held on PayPal.”

PayPal Expands Crypto Push as PYUSD Market Cap Jumps 80%

This move comes as PYUSD’s market cap has grown by almost 80% since January 1, rising from $497 million to $894 million, based on CoinGecko data. It also follows rising competition, as companies like Stripe launch new tools for cross-border crypto payments.

PayPal has also started a new platform called “PayPal World.” It is made to connect top digital wallets and make cross-border payments easier. In the beginning, it will work with five major services: PayPal, Venmo, Tenpay Global, NPCI International (UPI), and Mercado Pago. PayPal said this shows its goal to offer simple and low-cost digital payments. Chriss shared that these tools are not just about easy payments. They also help businesses grow, give customers more choices, and lower costs. He added that this is the future of global commerce, and PayPal is proud to lead it.

Your digital wallet is about to go global. Say hello to PayPal World. PayPal and @Venmo are partnering with some of the world's largest payment systems and digital wallets – starting with @mercadopago, @NPCI_Intl, and Tenpay Global – to make cross-border payments a breeze. Shop… pic.twitter.com/IYJ1fg8y2H

— PayPal (@PayPal) July 23, 2025

Stripe, another major payments company, has also brought back support for crypto transactions. As reported by CoinMarketCap, Stripe now allows users to make payments using USD Coin (USDC) across the Solana, Ethereum, and Polygon networks. Meanwhile, PayPal recently partnered with Coinbase in Australia. This collaboration lets users in the country buy and transfer crypto using their linked bank accounts, making access to digital assets even easier.

Let's do this, @PayPal.

We're teaming up to advance stablecoin payments. pic.twitter.com/OwLjresMqX

— Coinbase 🛡️ (@coinbase) April 24, 2025