The payment giant PayPal just announced its latest feature, “Pay with Crypto,” designed to bring crypto payments to the mainstream. And, let’s be honest, it’s about time!

Set to launch in the U.S. first, PayPal’s new service promises to make international transactions faster than ever, offering near-instant settlements. Hold onto your wallets, folks; users can save up to 90% in fees! What’s even more mind-blowing is that merchants can convert their crypto straight into stablecoins or fiat currency. Forget waiting for days for your crypto to settle; PayPal’s got you covered in a flash.

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Pay with Crypto. Source: PayPal

Which Cryptos Can You Use with PayPal’s “Pay with Crypto”?

PayPal plans to open the door to a nearly $4 trillion crypto market. Yep, you read that right. With support for over 100 cryptocurrencies, including Bitcoin, Ethereum, and Solana, businesses are about to have a whole new world of payment options at their fingertips. And let’s not forget stablecoins like Tether and USDC, which will also be accepted.

With PayPal's service, merchants will get to tap into this massive crypto wave and potentially rake in more revenue, all while enjoying lower fees and quicker access to their funds.

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Source: Giphy

PayPal's Big Plans for Businesses and Merchants

According to Alex Chriss, CEO of PayPal:

“Businesses of all sizes face incredible pressure when growing globally, from increased costs for accepting international payments to complex integrations. Today, we’re removing these barriers and helping every business of every size achieve their goals.”

Big talk, but it sounds like PayPal’s onto something big.

Merchants using PayPal’s new service can connect with major crypto platforms like Coinbase, OKX, Binance, and Kraken. Plus, PayPal’s solution works seamlessly with wallets like Phantom, MetaMask, and Exodus. If that doesn’t scream “crypto revolution,” I don’t know what does.

The Future of Crypto Payments and Global Commerce

Imagine this: A shopper in Guatemala buys a gift from a merchant in Oklahoma City, paying with crypto via PayPal. The business gets the payment, saves money on transaction fees, and enjoys instant access to the funds. Oh, and when they store those funds as PYUSD on PayPal, they can grow at 4%, not too shabby, huh?

And PayPal’s not stopping here. They’ve teamed up with Fiserv to bring stablecoin payments to the global stage, and they’ve also launched PayPal Word, a project that focuses on simplifying payments while boosting merchant growth. Looks like PayPal’s making big moves to keep crypto payments alive and kicking in global commerce.

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