Story perspectives

PayPal Launches Crypto Payment Option for Merchants

7/29/2025

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Summary

Story summary

PayPal introduced "Pay with Crypto," enabling U.S. merchants to accept over 100 cryptocurrencies, including Bitcoin and Ethereum.
The service instantly converts crypto payments to stablecoins or fiat, cutting transaction fees by up to 90%.
Merchants can earn 4% interest on funds held in PayPal's stablecoin, PYUSD.
This initiative simplifies cross-border commerce, tapping into a $3 trillion market.

History

Historical Context

Bitcoin's value surpassed $600 in 2014, marking a significant milestone in cryptocurrency adoption. This trend continued with PayPal's 2020 introduction of cryptocurrency payments, allowing merchants to tap into a $3 trillion market. The rise of Ethereum in 2017 further expanded blockchain applications, highlighting the potential of cryptocurrencies to transform global commerce and reduce transaction costs, evidenced by PayPal's 90% fee reduction.

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Story summary

PayPal introduced "Pay with Crypto," enabling U.S. merchants to accept over 100 cryptocurrencies, including Bitcoin and Ethereum.
The service instantly converts crypto payments to stablecoins or fiat, cutting transaction fees by up to 90%.
Merchants can earn 4% interest on funds held in PayPal's stablecoin, PYUSD.
This initiative simplifies cross-border commerce, tapping into a $3 trillion market.

1 / 2