PayPal is enabling small and mid-sized U.S. businesses to accept over 100 cryptocurrencies as payment—including Bitcoin, Ethereum, and even niche tokens like Trump Coin and Fartcoin. Merchants using PayPal’s online payments platform can opt in starting immediately. Transactions will be settled through crypto wallets linked to Coinbase or Uniswap, converted to PayPal’s stablecoin PYUSD, and then to U.S. dollars.
The company will offer a promotional transaction fee of 0.99% for the first year, increasing to 1.5% thereafter—still lower than the average 1.57% charged by credit card processors in 2024, per the Nilson Report.
This expansion comes amid renewed crypto enthusiasm and favorable political sentiment. PayPal, an early corporate adopter of crypto since 2020, previously enabled crypto trading through its main app and Venmo. Its stablecoin PYUSD, launched in 2023, has seen a 70% rise in market cap this year, reaching $850 million. With this new move, PayPal strengthens its position in the evolving crypto-payments space.
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